AssociatedPress asked:
It’s official. The United States is in recession. That’s according to the National Bureau of Economic Research. The AP’s Mark Hamrick reports. (Dec. 1)
Money Minute: Recession, Paulson, Oil
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15 Responses to Money Minute: Recession, Paulson, Oil
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ITS NOT OFFICIAL
I don’t give a damn how many economist say the same thing.
It IS IMPOSSIBLE FOR A RECESSION TO HAVE STARTED IN DEC 2007
A recession is 2 back to back quarters of negative GDP, here are the numbers
2008 GDP
Q1 +.6% revised to 1%
Q2 +1.8%
Q3 -.5%
We’ve had a grand total of ONE quarter of negative growth and thats Q3
So the report is wrong.
I hope someone in hollwood will realise,that Mr.Paulson has the perfect naci look and invite him to do some acting.He ccould play Ribentropp or Mr.Fritz.I actually like him,he’s a funny caracter.
no shit sherlock
As if we didn’t know this already..
Guys be positive how much you feel like but be aware that this is not “only” a recession or “only” a depression.
This is the end of a system. Where the heck do you guys gonna get 1Q (Quadrillion!) dollars to fill up the hole when the total currency of the planet is about 100T (Trillions, 10% of the hole)on planet Mars?
Get real. Sooner you wake up and face the facts sooner you MAYBE get a chance to do not spend the rest of your life in Hotel “Underthebridge”
Your comments are indictive of the cluelessnes of the American people who do not understand the confluence of Peak Oil and the end of Capitalism. We will continue to waste capital and resources trying to revivie a dead economic system instead of doing the smart things such as spending this money on a national passenger rails system, providing jobs and transportation before energy gets to expensive for unemployed Americans to afford. This is precisely why it will be a depression.
Well fine.
Sorry I dont go into detail in my comments
Yeah, more postive thinking like the TARP they just squandered another $850 billion dollars, now the line starts at treasury, CitiCorp, AIG, Fannie and Freddie, now GM and Ford.
Friend you have a very simplistic reply to my comment. You really need to study the situation. It is not just a matter of discovering a fiscal hole in the pocket with money leaking out. It is so complicated that even the very top has no answers.
you know what I mean.
Think positive, need some positive thinking
I hate to break this to you ZoomBFX, we have been in a recession since 2007, this is the end of 2008 and they are just makeing it offical. There is no “getting out of it” They just dumped a trillion dollars into the banking and home mortages, Fannie and Freddie and it hasn’t done anything. This is the begining of a depression, not a recession.
Ok we are in one
now lets get out of it.
Yeah wasn’t it all just in our heads??
Oil is down becuase the individual stock prices are down. Not supply and demand!
Recession. Wow, that’s a surprise. I thought George Bush was doing such a good job.
Wow, it’s pretty rare to see someone put things into perspective the way you just did. I wish that other bloggers and people that post content to the web would take a page from your book! Do you have any other sites that I could visit or could you possibly make a recommendation as to where I might be able to find some more information? Either way, thanks for an excellent resource and I look forward to being a repeat reader!