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Old 10-12-2009, 04:35 PM
 
Location: San Diego
5,319 posts, read 8,985,244 times
Reputation: 3396

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Quote:
Originally Posted by pghquest View Post
Recession is over by definition? Mind telling me what quarter had had growth in GDP?
Why would an association like NABE make a statement they couldn't back up with facts?

Just using common sense here!
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Old 10-12-2009, 04:35 PM
 
Location: Saturn
1,519 posts, read 1,632,504 times
Reputation: 246
Quote:
Originally Posted by RD5050 View Post
According to the article, a double-dip is not likely to happen:

Hmmm.

I hope there is no double dip.

Todays Guardian newspaper suggests that Britain is concerned about the double dip possibility.

I hope the report is correct about the end of the US recession.
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Old 10-12-2009, 04:36 PM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by RD5050 View Post
Why would an association like NABE make a statement they couldn't back up with facts?

Just using common sense here!
I looked, didnt see facts, the story continued to say that they believed.. Sorry, someones beliefs is not a fact.
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Old 10-12-2009, 04:37 PM
 
301 posts, read 208,563 times
Reputation: 95
Quote:
Originally Posted by pghquest View Post
Recession is over by definition? Mind telling me what quarter had had growth in GDP?
When did the GDP become the only recession indicator? That's foolish.
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Old 10-12-2009, 04:40 PM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by Newarkid View Post
When did the GDP become the only recession indicator? That's foolish.
Argue with the government, they are the one that defined the definition..
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Old 10-12-2009, 04:41 PM
 
Location: Wasilla, Alaska
17,823 posts, read 23,452,578 times
Reputation: 6541
Quote:
Originally Posted by Newarkid View Post
When did the GDP become the only recession indicator? That's foolish.
That is the definition of a recession.

Recession = When the GDP drops two, or more, consecutive quarters.

Therefore, before a recession can be construed as "over", the GDP has to have positive growth for at least one quarter.

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Old 10-12-2009, 04:41 PM
 
Location: San Diego
5,319 posts, read 8,985,244 times
Reputation: 3396
Quote:
Originally Posted by pghquest View Post
I dont need to write to them, they didnt provide me with the information, they provided their bs to you, which you repeated. Sorry, I dont make up the definitions, and if you want to ignore the fact that we have had no increase in the GDP, let alone two, thats your right, but be prepared to be laughed at when we have had NO increase in the GDP and data proves that the NABE is wrong.

Sorry, but I dont make up the definitions of words, I only repeat the data provided by the government. If you think the recession is over, maybe you need to take it up with the BEA.gov who's data shows otherwise..

Sorry, but data and statistics trumps beliefs any day of the week.
They didn't provide the information to me ...

It is a national news story:

UPDATE 1-US recession over, unemploym... - Google News
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Old 10-12-2009, 04:45 PM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by RD5050 View Post
They didn't provide the information to me ...

It is a national news story:

UPDATE 1-US recession over, unemploym... - Google News
The fact that google picks up the news story and repeats it, and the fact that it'll be repeated by MSNBC, CNN etc doesnt make it true nor does it impress me.

heck, the NBEA charts alone say the recession isnt as bad as previous recessions..

The NBER’s Recession Dating Procedure
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Old 10-12-2009, 04:45 PM
 
Location: San Diego
5,319 posts, read 8,985,244 times
Reputation: 3396
Quote:
Originally Posted by pghquest View Post
I looked, didnt see facts, the story continued to say that they believed.. Sorry, someones beliefs is not a fact.
Considering that it is their job to analyze economic data, common sense would dictate that their beliefs are backed by facts.
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Old 10-12-2009, 04:51 PM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by RD5050 View Post
Considering that it is their job to analyze economic data, common sense would dictate that their beliefs are backed by facts.
Again, I read the story looking for facts, didnt see them. Telling me thats their job doesnt impress me either, especially considering the GDP statistics counter their OPINIONS..

Recession might be over in Canada, but here, we have not had an increase in GDP yet. You show me otherwise and I'll admit the recession is over, until then, negative GDP growth = recession, facts which I have pasted here. Paste facts other then their OPINION.
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