Drug arrest for Palin's...

[DiveCon]

Listen, all the major economists have said depression for the past year, and even the current idiot man-boy called Bush Jr. has said so.

It's really amazing to watch some of you say that this economy is good.

whats really amazing is that you really believe this to be a depression

 

[ABikerSailor]

Checked the headlines lately Dive Can't?

 

[DiveCon]

Checked the headlines lately Dive Can't?

got a link to those saying this is a depression?

 

[ABikerSailor]

got a link to those saying this is a depression?

Sure...........

Is U.S. facing a depression? National Bureau of Economic Research won't go there - Los Angeles Times

Now that the "R" word is officially out of the closet, can the "D" word be far behind?

The National Bureau of Economic Research, the august body that serves as a thermometer for the U.S. economy, confirmed Monday what many already suspected: We're in a recession and have been for a year.

But as the economic crisis has deepened this fall, analysts and business executives increasingly have raised the prospect that we're headed for a depression. The most recent example came Wednesday, when a top Chrysler executive told Congress that the failure of a major U.S. automaker could "trigger a depression."

If so, don't expect the National Bureau of Economic Research to give us a head's up when it happens.

"It's just not a part of the business-cycle-dating process that the NBER has been involved in," a spokeswoman for the bureau said.

According to the bureau's website, "The NBER does not separately identify depressions. The NBER business cycle chronology identifies the dates of peaks and troughs in economic activity. We refer to the period between a peak and a trough as a contraction or a recession, and the period between the trough and the peak as an expansion."

The entry goes on to point out that the contraction in economic activity from 1929 to 1933 is considered the worst in U.S. history. Real gross domestic product declined 27% during that time, the bureau notes, roughly 10 times as much as in the worst postwar recession.

That slough of despond is often called the Great Depression. Others apply the term to the entire decade of the 1930s, contending that it took the industrial ramp-up that preceded America's entry into World War II to pull the country out of its economic doldrums.

It's a debate the NBER has no intention of entering.

"Just as the NBER does not define the term depression or identify depressions, there is no formal NBER definition or dating of the Great Depression," the bureau's website says.

But if another depression comes, chances are we'll know it when we see it.

Zimmerman is a Times staff writer.

And don't forget.....the Bush admin stated that we were not in a recession as recently as this summer.....but, we've found out that we've been in one for a year.

Same thing with the depression.

 

[DiveCon]

Sure...........

Is U.S. facing a depression? National Bureau of Economic Research won't go there - Los Angeles Times



And don't forget.....the Bush admin stated that we were not in a recession as recently as this summer.....but, we've found out that we've been in one for a year.

Same thing with the depression.

all that proves is that we are in a recession, not a depression

 

[ABikerSailor]

Yeah.....and there were WMD's, Saddam was responsible for 9/11, the economy is fundamentally strong, we've gotta fight them over there so we don't have to fight them over here, mission accomplished.........

And, it's spelled "recession", not "ressession".

 

[DiveCon]

Yeah.....and there were WMD's, Saddam was responsible for 9/11, the economy is fundamentally strong, we've gotta fight them over there so we don't have to fight them over here, mission accomplished.........

And, it's spelled "recession", not "ressession".

yes, there WERE WMD no saddam did not have an active role in 9/11, but he DID have connections to Al Qaeda
the fundamentals of the economy ARE strong
we do have to fight them where they live
and the mission of the USS Lincoln WAS accomplished

the rest you can go fuck yourself

 

[Agnapostate]

It's spelled "active," not "actiuve."

 

[DiveCon]

It's spelled "active," not "actiuve."

uh, no shit moron

 

[Agnapostate]

That's some quick editing.

 

[DiveCon]

That's some quick editing.

it was a typo, caught it as soon as it posted
and that was an obvious typo

 

[Care4all]

Depression is just a prolonged recession is what i heard someone say on a 24/7 station....

What i did not hear is when or how long must a recession last before someone labels it a depression?


i guess i need to google it...?

 

[Care4all]

ok, found this definition from a "financial" perspective, but it really doesn't tell us jack poop...!

Depression
Period when excess aggregate supply overwhelms aggregate demand, resulting in falling prices, unemployment problems, and economic contraction.
Copyright © 2004, Campbell R. Harvey. All Rights Reserved.


--------------------------------------------------------------------------------

Depression. A depression is a severe and prolonged downturn in the economy. Prices fall, reducing purchasing power. There tends to be high unemployment, lower productivity, shrinking wages, and general economic pessimism.

Since the Great Depression following the stock market crash of 1929, the governments and central banks of industrialized countries have carefully monitored their economies. They adjust their economic policies to try to prevent another financial crisis of this magnitude.

 

[sealybobo]

Depression is just a prolonged recession is what i heard someone say on a 24/7 station....

What i did not hear is when or how long must a recession last before someone labels it a depression?


i guess i need to google it...?

Watch the same people who denied we were in a recession the last year and a half will all of the sudden be SCREAMING we are in a recession next year when the Democrats are in control.

And yesterday I heard 1 year of things getting worse and then 2 years of very slow recovery before we are out of this.

 

[ABikerSailor]

yes, there WERE WMD no saddam did not have an active role in 9/11, but he DID have connections to Al Qaeda
the fundamentals of the economy ARE strong
we do have to fight them where they live
and the mission of the USS Lincoln WAS accomplished

the rest you can go fuck yourself

Dive ****, you are so full of shit.....Saddam wasn't connected to Al-Queda, he was AGAINST THEM.

You're a fucking moron if you think the economy is fundamentally strong.

The rest is just gibberish. Get a clue, the nitrogen has affected your brain.

 

[bk1983]

Dive ****, you are so full of shit.....Saddam wasn't connected to Al-Queda, he was AGAINST THEM.

You're a fucking moron if you think the economy is fundamentally strong.

The rest is just gibberish. Get a clue, the nitrogen has affected your brain.

Exactly, the CIA and FBI went back 10 years while looking over 70,000 pages of intelligence to try and find a link, there were NONE! Bin laden hated Saddam and called him a socialist infidel.