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I know all about NABE, thanks for trying. The facts in this case say they are wrong because until we have one quarter of growth in the GDP, the recession is not over.
We might get a growth this quarter, but if we do, one must calculate the government manipulating the GDP with things like cash for clunkers etc into the equation.
There isnt ONE economic indicator that is currently positive to even backup the NABE claims, let alone the GDP, the indicator of a "recession" still being negative..
Well, as long as you feel you know more than 2,500 of the worlds leading economists .... I guess we should just listen to you instead!
Be sure to contact CNN as soon as possible, and let them know that NABE was wrong.
Just making sure, because often times the DJIA increases .
If you read the initial post, there is no ambiguity.
Quote:
Originally Posted by pghquest
................... because companies lay off employees thereby increasing their profits, thereby decreasing GDP and unemployment numbers. Not saying thats what is happening here because I dont follow the DJIA that closely (even though I trade for a living), but it does happen.
Right. The recession is over. Only because the depression is just beginning.
Tell your news to the millions who are still out of work (and the numbers keep growing) and those of us who are self employed who have no work. I have had 6 jobs this year. There was a time when I was booked up six weeks in advance. A friend of mine, and client, also self employed in the landscaping business told me he has no work either. No one is working! No one has the money to hire people like us.
But you go ahead and believe this lie if it makes you feel better.
This is the worst President and administration of my entire life. It is their purpose to destroy the country. This is exactly what Obama wants. He is no lover of America. That is why he has said "We will return America's wealth to it's rightful owners". That's french for, destroy capitalism, and embrace socialism. Screw the rich. Give their hard earned money to those with no ambition, who do not work.
Please do that thumbs up sign for the nearly 10% of the population without jobs!!!!!! Yeah....10% unemplyoed and losing their homes.....quite the accomplishment.
Please do that thumbs up sign for the nearly 10% of the population without jobs!!!!!! Yeah....10% unemplyoed and losing their homes.....quite the accomplishment.
OUT????? OUT?????? 10% percent unemployment, depressed retail sales, people losing homes, no credit. That is your definition of OUT???? I feel for you.
OUT????? OUT?????? 10% percent unemployment, depressed retail sales, people losing homes, no credit. That is your definition of OUT???? I feel for you.
By out ... we are no longer going downhill.
We've reached the bottom, and are heading back up.
Recovery will be a slow process, and may take several years.
The vast majority of these economists couldn't predict the recent collapse, so yes I do more than most of them
As long as you say so, that's good enough for me!
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Only because the depression is just beginning.
