!!!ECRI calls new US Recession!!!
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  !!!ECRI calls new US Recession!!!
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Author Topic: !!!ECRI calls new US Recession!!!  (Read 4243 times)
Peeperkorn
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« Reply #25 on: September 30, 2011, 10:56:14 PM »

And I prefer salt with Popper (the thinker, not the drug).

Well, yes, you're just another right winger.  How many depressions will it take?

I'm uruguayan, I don't care so much about "american" economy.
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opebo
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« Reply #26 on: October 01, 2011, 11:19:08 AM »

And I prefer salt with Popper (the thinker, not the drug).

Well, yes, you're just another right winger.  How many depressions will it take?

I'm uruguayan, I don't care so much about "american" economy.

Oh, economy is good there?
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Ban my account ffs!
snowguy716
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« Reply #27 on: October 01, 2011, 07:49:05 PM »

Republicans have to be just giddy with excitement for this.  They want to ruin America so their campaign donors can profit.  But don't worry jmfcst, you could be rich one day too and enjoy all those benefits!
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Filuwaúrdjan
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« Reply #28 on: October 02, 2011, 08:43:26 AM »

Does it make a difference whether it is 'officially' a recession or not? What's clear is that there is something that might as well be called a slump (because it's a useful word in this context and has been used in the past) and that it's not going to get better within a year. Mass unemployment, squeezed living standards and no real growth, coupled with fears that everyone could yet fall down the next flight of stairs at some point, perhaps quite soon. Bad times, you know?
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You kip if you want to...
change08
Junior Chimp
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« Reply #29 on: October 02, 2011, 09:19:09 AM »

you can put a fork in Obama, folks, he's done. 



So, it's okay for a country to fall into recession, countless people to lose their livelihoods, the debt to soar, just as long as it all gets that uber-socialisty, big spending liberal guy in the White House out of office and replaced with one of the even more un-inspiring Republican candidates?

Typical.
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Link
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« Reply #30 on: October 02, 2011, 11:22:54 AM »


Wow.  Another thread.  Republicans can't contain their delight.  They are spamming the forum.  I guess the Tea Party worked hard for this so they should celebrate.  I on the other hand love America and I'm concerned.
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Sam Spade
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« Reply #31 on: October 02, 2011, 11:18:20 PM »

Does it make a difference whether it is 'officially' a recession or not? What's clear is that there is something that might as well be called a slump (because it's a useful word in this context and has been used in the past) and that it's not going to get better within a year. Mass unemployment, squeezed living standards and no real growth, coupled with fears that everyone could yet fall down the next flight of stairs at some point, perhaps quite soon. Bad times, you know?

You are trying, from a liberal arts perspective, to describe the difference between an inventory-based recession or a cyclical recession and a credit-based or debt-based recession, the former being the more common/familiar type and the latter being what we've been in since 2008 (well, technically 2007, but whatever).

Personally, I prefer we go back to the old terms "panics" and "depressions", though panics historically referred to market crashes, and depressions usually referred to real recessions, or whatever, because they more accurately describe actual conditions.  Though this is really wishful thinking, since the NBER changed all that in the 1930s, and I really have to assume we won't return to the former.
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TheDeadFlagBlues
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« Reply #32 on: October 03, 2011, 01:09:34 AM »

ITT: a big lack of logic.
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Fuzzybigfoot
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« Reply #33 on: October 07, 2011, 02:21:58 PM »

Hold your horses, um...

http://www.bbc.co.uk/news/business-15217784
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Sbane
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« Reply #34 on: October 07, 2011, 02:30:35 PM »

The problem is still Europe, not America. If they go into a recession, the US will follow. The world economy is just too interlinked. And China's growth rate should be kept an eye on as well.
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Swing low, sweet chariot. Comin' for to carry me home.
jmfcst
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« Reply #35 on: October 07, 2011, 02:53:52 PM »


you need to learn the difference between forward looking indicators and laggin indicators.  the UE is a lagging indicator, which means even if the US economy pulls out of this new recession and start raging growth by June 2012...the UE won't start dropping again until a couple of months after the resumption of growth which would be too close to the election for the public to notice.
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phk
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« Reply #36 on: October 07, 2011, 03:47:30 PM »


48k out of 103k was just the Verizon strike ending.
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Fuzzybigfoot
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« Reply #37 on: October 07, 2011, 04:01:50 PM »


That's true, but some expected us to actually lose jobs instead.  Not that I think the economy is good or anything.  Tongue
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