Why It’s Worse Than You Think

Discussion in 'Economy' started by Gunny, Jun 9, 2008.

  1. Gunny
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    Gunny Gold Member

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    The Economy: Why It?s Worse Than You Think | Newsweek Inside Business | Newsweek.com
     
  2. editec
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    editec Mr. Forgot-it-All

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    It's not called the dismal science for nothing, is it?
     
  3. Gunny
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    Gunny Gold Member

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    Just doing my part for morale.:eusa_shifty:
     
  4. maneal
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    maneal Conservative Commentator

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    We may very well be heading into a recession, but we are not in one. Annalists said the same thing in the first quarter of 2008, but then the "experts" were STUNNED when the first quarter showed .6% growth. Now, is that a big number? No, its a pretty small growth percentile. However, its not a recession, because we grew. Recession is defined as 2 consecutive quarters of economic DECLINE, NOT a slowdown. The growth slowed down, but it still grew.

    I am optimistic for our economy. The economy expands and contracts often. This isn't the first time its happened, and it will not be the last. The economy can not be a healthy one without BOTH expansion and contraction. They work hand in hand. That should have been taught in High School Econ.............

    This is one less issue the Liberals can use against us. The basic laws of Econ (haha).
     
  5. Diuretic
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    Diuretic Permanently confused

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    Isn't this one of those occasions when trends are important?
     
  6. editec
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    editec Mr. Forgot-it-All

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    Recession is a word which is bantered about as though it was a meaningful concept for people's HOME economics.

    It desribes the national economy, not the PEOPLE's economy.

    The nation may not be in a recession, but the PEOPLE certainly are.
     
  7. maneal
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    maneal Conservative Commentator

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    Ok, you said it. So prove it.....
     
  8. Zoomie1980
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    Zoomie1980 Senior Member

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    Some idiots live their entire life in a recession, so what?
     
  9. Swamp Fox
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    Swamp Fox Active Member

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    I've got a house thats worth what I owe on it, a good paying job, a wife that cooks and likes sex, and plenty of guns and ammo. I'm not too worried about this.
     
  10. manu1959
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    manu1959 Left Coast Isolationist

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    sounds good......what industry are you in......
     

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