Double-dip Recession Rears it's Ugly Head.

Discussion in 'Economy' started by Missourian, Dec 3, 2009.

  1. Missourian
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    Missourian Platinum Member

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    CHICAGO (Reuters) - Business conditions in nine U.S. Midwest and South-Central states deteriorated in November, opening up the possibility of a double-dip recession for the region, according to survey results released on Tuesday.


    Economy
    Creighton University's Business Conditions Index dropped to 47.5 in November -- the lowest level since May -- from 51.8 in October. A reading of 50 is considered growth neutral, with readings above that indicating expansion over the next three to six months.


    "This month's plunge below growth neutral raises the possibility of a double-dip recession for the region," said Creighton University Economics Professor Ernie Goss in a statement.

     
  2. sealybobo
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    sealybobo BANNED

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    Obama finished with 75 months of job growth. Never one bad month. Trump already had one bad month it was after the hurricane.

    A recession is 3 months straight job losses. Obama’s last 6 years.

    Took him two years to get us out of the bush great recession
     
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  3. Jomama
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    Jomama VIP Member

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    Correction, a recession is 2 straight quarters of negative GDP growth. So if Obama stayed in trees would grow infinitely towards the sky?

    There are many signs of weakness and a correction is LONG overdue in stocks and moderately overdue in the economy.
     
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  4. task0778
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    task0778 Gold Member Supporting Member

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    OTOH, the Atlanta Fed growth model predicts 1st qtr growth in 2018 to be over 5%. Many economists aren't that optimistic, but suggesting a recession, even a localized one looks to be pure ideological bullshit.
     
  5. anotherlife
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    anotherlife Gold Member

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    The double dip recession is old propaganda. We are up with the triple dip recession now, get with the time.
     
  6. Moonglow
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    Moonglow Diamond Member

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    You did let that gotcha moment getcha..
     
  7. Moonglow
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    Moonglow Diamond Member

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    It may be severe enough for a deer raping deep depression...
     
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  8. sealybobo
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    It’s been so long since the last recession I forgot what one was. Thanks
     
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  9. sealybobo
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    So slow steady Obama’s growth didn’t produce a recession. Republicans economics produce booms and busts. Unregulated. Good luck. I’ll be ok I can ride out even a Great Recession
     
  10. IsaacNewton
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    [​IMG]


    In 2017 there are about 50,000 jobs in coal mining. Total.

    "The BLS numbers (Bureau of Labor Statistics)
    Let’s start with the official Bureau of Labor Statistics numbers.

    Currently, the BLS counts about 50,000 coal mining jobs in the United States -- total. That makes it all but impossible for the first half of Pruitt’s claim -- 50,000 more mining jobs since the end of last year -- to be accurate.

    Indeed, according to the BLS data, the actual increase in coal jobs since the end of last year was 1,300, while the monthly increase in May was 400. That’s far below the increases of 50,000 and 7,000 that Pruitt cited, respectively."

    Are coal mining jobs up by 50,000 since last year? (not even in the same universe)


    Trump and lying. A mother holding it's baby. And everyone this worthless orange pustule hires lies with as much zeal as he does. Where's all the help for the florists? Oh those poor partiotic Americans and their great smelling stores. When do they get new jobs?
     

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