SniperFire
Senior Member
Depressions are RACIST!
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Joke all you want about it, but I had to watch a good friend get walked out of the office today (along with 55 other workers in division) with his spirit ripped out him. He has two kids and stay at home wife and bills to pay!
This DEPRESSION is going to hit all of us either directly or with people we know! Joke all you want but REAL people are suffering because of this!
Do you know what a Depression is?
Maybe you could tell us so that we know what to be afraid of
It's severe type of recession!
It's sustained, long-term, drastic downturn in economic activity in a nation. They usually start as a recession, but as they get more severe it gets characterized as a depression. It is a more severe downturn than a recession. Some say it's part of the modern business cycle.
It's characterized by it's long-term; by sustained high increases in unemployment; lack of availability of credit, usually (but doesn't have to be) some banking or financial crisis (Dodd-Frank is CAUSING THIS TO BE MORE SEVERE); decrease in company output (you think these layoffs are going to increase or decrease output); consumers dry up and suppliers cut back on production and investment; large number of bankruptcies, both consumer and business; significantly reduced amounts of trade and commerce, especially foreign/overseas trade (believe we are seeing this now); a drop in GDP; as well as highly volatile relative currency value fluctuations (can you deny this isn't going to happen)!
Does that definition work for you! We already have HIGH unemployment and low economic output (what 1%)? With these new layoffs and hiring freeze, can you not see the economic slow-down morphing into a depression?
Do you know what a Depression is?
Maybe you could tell us so that we know what to be afraid of
It's severe type of recession!
It's sustained, long-term, drastic downturn in economic activity in a nation. They usually start as a recession, but as they get more severe it gets characterized as a depression. It is a more severe downturn than a recession. Some say it's part of the modern business cycle.
It's characterized by it's long-term; by sustained high increases in unemployment; lack of availability of credit, usually (but doesn't have to be) some banking or financial crisis (Dodd-Frank is CAUSING THIS TO BE MORE SEVERE); decrease in company output (you think these layoffs are going to increase or decrease output); consumers dry up and suppliers cut back on production and investment; large number of bankruptcies, both consumer and business; significantly reduced amounts of trade and commerce, especially foreign/overseas trade (believe we are seeing this now); a drop in GDP; as well as highly volatile relative currency value fluctuations (can you deny this isn't going to happen)!
Does that definition work for you! We already have HIGH unemployment and low economic output (what 1%)? With these new layoffs and hiring freeze, can you not see the economic slow-down morphing into a depression?
Lots of words, no specifics.
An economic depression is characterized by a recession lasting more than two years, a decline in GDP of 10 percent, and generally unemployment approaching 25 percent.
So we'll be keeping an eye out for that, because that would truly be HORRENDOUS and DRASTIC.
.
There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity",[7] and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. If one analyses the event using the economics-academic definition of the word, the recession ended in the U.S. in June or July 2009.[8][9]
However, in the broader, lay sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used).[10] In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising petroleum and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery.[11]
2008
It's severe type of recession!
It's sustained, long-term, drastic downturn in economic activity in a nation. They usually start as a recession, but as they get more severe it gets characterized as a depression. It is a more severe downturn than a recession. Some say it's part of the modern business cycle.
It's characterized by it's long-term; by sustained high increases in unemployment; lack of availability of credit, usually (but doesn't have to be) some banking or financial crisis (Dodd-Frank is CAUSING THIS TO BE MORE SEVERE); decrease in company output (you think these layoffs are going to increase or decrease output); consumers dry up and suppliers cut back on production and investment; large number of bankruptcies, both consumer and business; significantly reduced amounts of trade and commerce, especially foreign/overseas trade (believe we are seeing this now); a drop in GDP; as well as highly volatile relative currency value fluctuations (can you deny this isn't going to happen)!
Does that definition work for you! We already have HIGH unemployment and low economic output (what 1%)? With these new layoffs and hiring freeze, can you not see the economic slow-down morphing into a depression?
Lots of words, no specifics.
An economic depression is characterized by a recession lasting more than two years, a decline in GDP of 10 percent, and generally unemployment approaching 25 percent.
So we'll be keeping an eye out for that, because that would truly be HORRENDOUS and DRASTIC.
.
the global recession has lasted since 2008.....
There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity",[7] and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. If one analyses the event using the economics-academic definition of the word, the recession ended in the U.S. in June or July 2009.[8][9]
However, in the broader, lay sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used).[10] In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising petroleum and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery.[11]
2008
depressions are racist!
Lots of words, no specifics.
An economic depression is characterized by a recession lasting more than two years, a decline in GDP of 10 percent, and generally unemployment approaching 25 percent.
So we'll be keeping an eye out for that, because that would truly be HORRENDOUS and DRASTIC.
.
the global recession has lasted since 2008.....
There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity",[7] and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. If one analyses the event using the economics-academic definition of the word, the recession ended in the U.S. in June or July 2009.[8][9]
However, in the broader, lay sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used).[10] In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising petroleum and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery.[11]
2008
Yes, what should have been Bush's Mother of All Depressions was converted into a long drawn out suppressed economy by the Fed.
.
Joke all you want about it, but I had to watch a good friend get walked out of the office today (along with 55 other workers in division) with his spirit ripped out him. He has two kids and stay at home wife and bills to pay!
This DEPRESSION is going to hit all of us either directly or with people we know! Joke all you want but REAL people are suffering because of this!
Do you know what a Depression is?
Maybe you could tell us so that we know what to be afraid of
It's severe type of recession!
It's sustained, long-term, drastic downturn in economic activity in a nation. They usually start as a recession, but as they get more severe it gets characterized as a depression. It is a more severe downturn than a recession. Some say it's part of the modern business cycle.
It's characterized by it's long-term; by sustained high increases in unemployment; lack of availability of credit, usually (but doesn't have to be) some banking or financial crisis (Dodd-Frank is CAUSING THIS TO BE MORE SEVERE); decrease in company output (you think these layoffs are going to increase or decrease output); consumers dry up and suppliers cut back on production and investment; large number of bankruptcies, both consumer and business; significantly reduced amounts of trade and commerce, especially foreign/overseas trade (believe we are seeing this now); a drop in GDP; as well as highly volatile relative currency value fluctuations (can you deny this isn't going to happen)!
Does that definition work for you! We already have HIGH unemployment and low economic output (what 1%)? With these new layoffs and hiring freeze, can you not see the economic slow-down morphing into a depression?
All these companies laying off workers and closing down plants and operations. Inflation is inevitable (because of the rise on food and gas)! This all coming before the SPENDING holiday season that many companies truly rely on!
Predictions:
(1) The Layoffs are going to be HORRENDOUS!
(2) With the layoffs come a DRASTIC decrease in consumer confidence and spending.
(3) The drop in consumer spending will lead to more layoffs and less hiring.
(4) We will see more independent contractors and part time workers than anytime in history!
(5) Hiring freeze will be the new NORM!!!
(6) TRUE unemployment will skyrocket! Even Faux unemployment will skyrocket!
(7) The roles of uninsured will be higher than ever!
(8) Yet the Dems PUSH amnesty because that will be all they have come 2014 elections!
Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can
Vegas Employer: Obama Won, So I Fired 22 Employees « CBS Las Vegas
Texas Instruments Cuts 1,700 Jobs, Winds Down Tablet Chips - CNBC
Applebees announces massive layoffs due to Obama reelection and Obamaca Will Obamacare continue to cause Layoffs ?
I expect much worse...
Human sacrifice, dogs and cats living together... mass hysteria!
I blame Obama
January 25, 2013
Murray
CHOKES!!!
"Throughout the 2012 presidential election, Murray Energy CEO Robert Murray used his employees as a political tool to try to defeat President Obama. Murray allegedly forced miners to attend a pro-Romney rally without pay and to contribute to Republican candidates. He announced layoffs at mines in Ohio and Utah, claiming that Obamas war on coal has cost jobs and hurt his business.
But months after blaming Obama for layoffs, Murray Energy is looking to hire back workers. Alec MacGillis reports this includes mines in Ohio and Utah, which had announced layoffs in the days following the election."
All these companies laying off workers and closing down plants and operations. Inflation is inevitable (because of the rise on food and gas)! This all coming before the SPENDING holiday season that many companies truly rely on!
Predictions:
(1) The Layoffs are going to be HORRENDOUS!
(2) With the layoffs come a DRASTIC decrease in consumer confidence and spending.
(3) The drop in consumer spending will lead to more layoffs and less hiring.
(4) We will see more independent contractors and part time workers than anytime in history!
(5) Hiring freeze will be the new NORM!!!
(6) TRUE unemployment will skyrocket! Even Faux unemployment will skyrocket!
(7) The roles of uninsured will be higher than ever!
(8) Yet the Dems PUSH amnesty because that will be all they have come 2014 elections!
Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can
Vegas Employer: Obama Won, So I Fired 22 Employees « CBS Las Vegas
Texas Instruments Cuts 1,700 Jobs, Winds Down Tablet Chips - CNBC
Applebees announces massive layoffs due to Obama reelection and Obamaca Will Obamacare continue to cause Layoffs ?
We are headed towards a DEPRESSION!!!
Did someone forget to tell the DOW? Up 6% just since the beginning of the year!
We are headed towards a DEPRESSION!!!
Did someone forget to tell the DOW? Up 6% just since the beginning of the year!
All these companies laying off workers and closing down plants and operations. Inflation is inevitable (because of the rise on food and gas)! This all coming before the SPENDING holiday season that many companies truly rely on!
Predictions:
(1) The Layoffs are going to be HORRENDOUS!
(2) With the layoffs come a DRASTIC decrease in consumer confidence and spending.
(3) The drop in consumer spending will lead to more layoffs and less hiring.
(4) We will see more independent contractors and part time workers than anytime in history!
(5) Hiring freeze will be the new NORM!!!
(6) TRUE unemployment will skyrocket! Even Faux unemployment will skyrocket!
(7) The roles of uninsured will be higher than ever!
(8) Yet the Dems PUSH amnesty because that will be all they have come 2014 elections!
Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can
Vegas Employer: Obama Won, So I Fired 22 Employees « CBS Las Vegas
Texas Instruments Cuts 1,700 Jobs, Winds Down Tablet Chips - CNBC
Applebees announces massive layoffs due to Obama reelection and Obamaca Will Obamacare continue to cause Layoffs ?