Close to starting to recover from this DEPRESSION

Discussion in 'Economy' started by Neubarth, May 13, 2010.

  1. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    We are still not there, but the fact remains that we are close to the point that we can claim that we are starting to recover from this Depression.

    The Unadjusted Initial Claims numbers (as they come from the states) which are the only reliable number that we can use show that the rate of job loss is declining. FINALLY!



    UNADJUSTED DATA

    The advance number of actual initial claims under state programs, unadjusted, totaled 407,267 in the week ending May 8, an increase of 11,132 from the previous week.

    WE ARE STILL LOSING JOBS AT A GREATER RATE THAN NORMAL, BUT IT IS GETTING CLOSE TO NORMAL, AND THAT IS GOOD. You have got to get close to normal before you get to normal in a Depression of this magnitude.
     
  2. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    In economics, a depression is a term commonly used for a sustained downturn in the economy. It is more severe than a recession (which is seen as a normal downturn in the business cycle).

    Like a recession, the start of a depression is characterized by increases in unemployment, restriction of credit, reduced output and investment, price deflation, numerous bankruptcies, and reduced amounts of trade and commerce.

    Unlike a recession, there is no official definition for a depression, even though some have been proposed. Generally it is marked by a substantial and sustained disequilibrium between the quantity of goods that could be produced (potential output) and the ability to purchase them. One could say that while a recession refers to the economy "falling down," a depression is a matter of "not being able to get up."

    The most noted depression is the Great Depression that affected much of the world in the 1930s. Also notable is the Long Depression that lasted from the 1870s until the 1890s.
     
  3. pinqy
    Offline

    pinqy Gold Member

    Joined:
    Jun 8, 2009
    Messages:
    5,042
    Thanks Received:
    572
    Trophy Points:
    165
    Location:
    Northern Virginia
    Ratings:
    +1,007

    The amazing thing is that you don't find these at all contradictory. Are things starting to look better or is the Depression increasing? You really can't have it both ways.
     
    • Thank You! Thank You! x 1
  4. andy753
    Offline

    andy753 Senior Member

    Joined:
    Nov 15, 2009
    Messages:
    118
    Thanks Received:
    12
    Trophy Points:
    46
    Ratings:
    +13
    I think you've been living in a cave for the last few months.........
     
  5. hortysir
    Offline

    hortysir In Memorial of 47

    Joined:
    Apr 30, 2010
    Messages:
    20,459
    Thanks Received:
    4,027
    Trophy Points:
    270
    Location:
    Lakeland, FL
    Ratings:
    +6,296
    We're close to being close?
    WTF????
     
  6. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    The amazing thing is that you are so totally fucked up in the head that you try to take two statement that are the same and say that they are different. Damn, you are so damn dishonest and criminally minded! What do you gain from all of the outrageous dishonesty.

    Being close to recovery means exactly as I posted. We are still falling, but not as fast as we have been for the past three years. We could turn positive in the next six months. I would not count on it, but it is a possibility.

    YOU on the other hand will continue to post insane nonsense for the rest of your life. Hereditary insanity is a hard thing to shake.
     
    Last edited: May 14, 2010
  7. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    Indeed! The fact that a small segment of the economy (Manufacturing and sales of those manufactured products) is improving is an indication that things are not as bad as they were a year ago.

    The economy overall is still not going up yet, but we are closer now than we were.
     
  8. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    You are a nutty guy Nue,

    We have been recovering for months now.

    Its a slow recovery and that is how it had to be. It was a deep recession and very well my be labeled a depression after the fact.


    None the less recovery is coming and the numbers show a remarkable v shape from the year before Bush left to now.

    This means Obama and his stimulus saved the day.

    Cons tanked us with their lack of regulations and lack of oversight.

    Obama and the libs saved us with the stimulus and march towards sound regulations.


    Many will never admitt it even with all the evidence lying right in front of them.

    You cant fix stupid.
     
  9. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    You obviously do not have a clue, do you?
     
  10. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    Nothing but lies from you as usual. We are still shedding jobs. Unemployment is over thirty million now and it is not improving.

    If we were a manufacturing dominant economy, we could say that factories are slow to hire coming out of a recession, BUT we are NOT a manufacturing economy.

    We are a service sector economy and that is where we are losing jobs. That is the reason why we are up to thirty million out of work.

    Obama has royally fucked things up. There has been no overall improvement on his watch. I think he should resign in disgrace because of his massive corruption. We do not need shitheads like him in office. The sooner he is impeached or forcefully removed from office the better it will be for the United States.
     

Share This Page