IMF says we are in a depression

Discussion in 'Economy' started by Truthmatters, Feb 8, 2009.

  1. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
  2. del
    Offline

    del BANNED

    Joined:
    Sep 3, 2008
    Messages:
    45,052
    Thanks Received:
    9,830
    Trophy Points:
    0
    Ratings:
    +9,885
    you can't fix stupid.
     
  3. Againsheila
    Offline

    Againsheila Gold Member

    Joined:
    Nov 1, 2008
    Messages:
    17,126
    Thanks Received:
    2,554
    Trophy Points:
    245
    Location:
    Federal Way WA
    Ratings:
    +2,700
    anybody surprised?
     
  4. Annie
    Offline

    Annie Diamond Member

    Joined:
    Nov 22, 2003
    Messages:
    50,847
    Thanks Received:
    4,644
    Trophy Points:
    1,790
    Ratings:
    +4,770
    Thanks, Barack!
     
  5. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,698
    Thanks Received:
    11,042
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,016
    Actually, its not the IMF that said this. It is the head of the IMF in a speech opining on the state of the economy. The IMF publishes a yearly economic outlook every Spring. They have not published their "official" outlook yet.
     
  6. DiveCon
    Offline

    DiveCon gone

    Joined:
    Aug 10, 2008
    Messages:
    48,025
    Thanks Received:
    3,387
    Trophy Points:
    48
    Ratings:
    +3,387
    just more proof her name should be truthnevermatters
     
    • Thank You! Thank You! x 1
  7. Skeptik
    Offline

    Skeptik Astute observer

    Joined:
    Oct 19, 2008
    Messages:
    727
    Thanks Received:
    98
    Trophy Points:
    28
    Location:
    The late great Bear Flag Republic
    Ratings:
    +98
    Why go to George Washington's Blog, when you can go to the source?

    Here is a text of the actual speech.

    .

    He doesn't actually use the word "depression", but certainly doesn't paint a rosy picture of the world economy.

    Do you know the difference? Here it is:

    When you hear that people are losing their jobs, that is an economic downturn.
    When friends and family start losing jobs, that is a recession.

    When you lose your job, that is a depression.

    There, now you know the difference.
     
  8. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    The engine which drove the newly emerging industrial economies, the AMERICAN CONSUMER, is tapped out.

    Gee, wonder why?
     
  9. Avatar4321
    Online

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    70,535
    Thanks Received:
    8,160
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +12,150
    The economy is growing... You do realize that we cant possibly be in a depression while the economy is growing dont you?
     
  10. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,698
    Thanks Received:
    11,042
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,016
    Nah, I just think she made a mistake. I've seen experts making the same mistake saying the same thing today.

    The US economy is declining.

    BEA: News Release: Gross Domestic Product
     
    • Thank You! Thank You! x 1

Share This Page