Discussion in 'Economy' started by Toro, Oct 28, 2009.
This recession will be no different.
Economist's View: "The Weakest Recovery in Modern Memory"?
A peak, by definition, is surrounded by two valleys...
Thank you, captain obvious. What will you teach us next? That recessions are followed by booms?
Where's right winger. he said unemployment doubled under Bush...don't see it....
Bush entered office with a 4% unemployment rate and left with a unemployment rate of 8.1%.
Edit: At least from what I remember and how the graph looks.
Rocky Marciano was my hero when I was growing up in the fifties. He just knocked people out. No finesse, no fancy style, no float like a butterfly. Just straight jabs and punches until you could not take any more. Never defeated. How many heavyweight champions could claim to have never lost a fight in their careers?
Cassius Clay was the next best fighter of all time, but he lost and was soundly beaten on several occasions.
AND, I ask, is it a recovery when all the Obama administration has done is manipulate the data that goes into the GDP so as to raise it to plus 3%??????
All that government spending can buy a positive GDP, but the economy still is tanking. The economy itself is not improving even if the GDP says that it is.
As previously stated, Bernanke and Geitner have worked to solve the GDP problem, but they have not effectively solved the economic problems.
There will be no peak.
This movie is over.
Figure on 50 percent. Reality is, it is already pushing 20%
You must not understand the OP, so I'll put on my Captain Obvious hat just for you.
Unemployment peaks after the recession is over. It has in the past and will do so again this time.
OK....lets go to the charts
Jan 2007 4.4%
Jan 2009 8.8%
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