Do You Believe The Recession Is Over (unemployed, Mexican, Clinton)
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I look at my investment report...... heck no its not over. It will be over when the big house stops buying people new cars with my money. The national debt climbed 1.4Bil last month, but at least we own a crappy once failed auto group.
The rich continue to bleed more and more out of the economy destroying the middle class.
Figure out how much of your paycheck goes to interest; mortgage, credit cards, other bills.
80% of everyone I know in my area is either laid off or cut to part time. None of the small compainies I do work for is expecting to be here for another year or two with the policies of this administration coming down the road. Our local utility co-op, a member of Touchstone Energy, have told it's contractors, which I am one of, That if cap and trade is passed in its current form, Electricity rates in our area will be totally un affordable to the average family. what the hell is people suppose to do? the global warming, green whatever, is only to increase taxes and to gain more control over our lives by a central government who has lost the moral authority to govern. Ask the 18 % of unemployed in our county if the recession is over.
We are definitely still in a recession; but as one poster said about job losses: Half a million a week equals 36 million unemployed per year...Me thinks your original figure is WAY OFF! Unless it's the "new math"...LOL.
I believe that we have turned the corner and the recovery is well under way. Unemployment will lag a bit longer, but thats always the way it goes. jobs aren't created by coming growth, they happen when the current workforce can no longer handle the growing workload...
I posted the link that describes home prices still falling at record levels.
Selective in your use of data, huh?. Prices are down YOY....big news?
From the same article:
"There is good news though: The survey from the National Association of Realtors reported the median home price rose 4% compared to the first quarter of 2009 -- to $174,100 from $167,300. The increase in median price was not a surprise, representing, as it did, the traditionally strong spring selling season. But the jump did offer the prospect that the worst of the price declines may be behind us."
You're entitled to your opinion, but I'd love to know what data you use to back it up. I'd also love to know the reason why NO other economist out there, even bears like Roubini, are saying anything close and most are saying exactly the opposite. Is it all a conspiracy and you're the only one with sense?
Why do people so desperately want us to be in a depression? Is it some kind of nostalgia for the 1930s or just some kind of fatalistic personality trait?
GDP may slightly grow for a month or two but I have no reason to believe that we won't slip back into a recession. I think we will be dealing with stagflation for a long time.
GDP may slightly grow for a month or two but I have no reason to believe that we won't slip back into a recession. I think we will be dealing with stagflation for a long time.
Why do you think we will have to deal with stagflation? I can understand a worry about inflation, but stagflation?
GDP may slightly grow for a month or two but I have no reason to believe that we won't slip back into a recession. I think we will be dealing with stagflation for a long time.
I think it depends on fiscal policy. The monetary policy is in place to combat it, but if we raise taxes and spend lots of borrowed money, then you may well be correct.
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