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LadyKate
PostPosted: Thu Jun 16, 2011 2:48 pm 
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http://www.nber.org/cycles/sept2010.html

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CAMBRIDGE September 20, 2010 - The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. At its meeting, the committee determined that a trough in business activity occurred in the U.S. economy in June 2009. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion. The recession lasted 18 months, which makes it the longest of any recession since World War II.


I am so confused. I can't keep up with this economic crap. "Obama created 2.1 million jobs" "no, no, Obama lost 2.5 million jobs" "We're in an economic depression" "no, we're rising out of a recession" "no, the recession is getting worse!"

What's really going on?

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Kaffis Mark V
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PostPosted: Thu Jun 16, 2011 2:53 pm 
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People in power are lying to you.

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LadyKate
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PostPosted: Thu Jun 16, 2011 3:01 pm 
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Hahahaha! No ****?

I gave up looking for a job around here....there's not much to be had. From everything that I see locally, it doesn't look like the economy has improved at all...if anything, it has gotten worse.
But I realize I'm just one small town in Mississippi....but I can't find any good articles on the state of the economy and employment via google either...I'm kinda lost here.

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Lex Luthor
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PostPosted: Thu Jun 16, 2011 3:05 pm 
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I think society is better off without everyone working. Isn't that what farms were originally for? So not everyone has to hunt or grow their own food?
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Arathain Kelvar
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PostPosted: Thu Jun 16, 2011 3:28 pm 
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When the economy begins expanding again, the recession's over. That doesn't mean the economy is back where it was pre-recession, nor that the pain is over.
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Khross
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PostPosted: Thu Jun 16, 2011 3:37 pm 
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Arathain Kelvar wrote:
When the economy begins expanding again, the recession's over. That doesn't mean the economy is back where it was pre-recession, nor that the pain is over.
Except the economy isn't growing ...

Every positive growth report issued by the BLS under Obama's Administration has been revised to further contraction (that is from positive to negative) during the subsequent report.

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LadyKate
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PostPosted: Thu Jun 16, 2011 4:40 pm 
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Arathain Kelvar wrote:
When the economy begins expanding again, the recession's over. That doesn't mean the economy is back where it was pre-recession, nor that the pain is over.


So is the economy expanding again? It's not here. People are tightening their belts still.

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Arathain Kelvar
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PostPosted: Thu Jun 16, 2011 8:49 pm 
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Khross wrote:
Arathain Kelvar wrote:
When the economy begins expanding again, the recession's over. That doesn't mean the economy is back where it was pre-recession, nor that the pain is over.
Except the economy isn't growing ...

Every positive growth report issued by the BLS under Obama's Administration has been revised to further contraction (that is from positive to negative) during the subsequent report.


Whether that's true or not, it is irrelevant to what I posted.
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Arathain Kelvar
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PostPosted: Thu Jun 16, 2011 8:51 pm 
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LadyKate wrote:
Arathain Kelvar wrote:
When the economy begins expanding again, the recession's over. That doesn't mean the economy is back where it was pre-recession, nor that the pain is over.


So is the economy expanding again? It's not here. People are tightening their belts still.


That really depends on who you ask. You hit a key point. It's not going to be over everywhere at the same time. It's definitely over here, though things are not as good as people need them to be. It likely is still contracting in various areas. How it's doing overall is difficult to tell exactly. If it is expanding, it's not by much.
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Khross
PostPosted: Thu Jun 16, 2011 10:06 pm 
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Recessions do not necessarily end when there's "growth" in the economy. Using the political definitions of "recession" and "growth" cycles merely complicates understanding of what's actually going on without providing any useful information. I've explained this at length and in detail several times previously.

Quote honestly, the economic situation is bleak in ways no one wants to admit or even recognize; and it's just not limited to the United States.

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Wwen
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PostPosted: Fri Jun 17, 2011 2:30 am 
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Whats the saying? Something about borrowing from Peter to pay Paul? Well, countries all over the world have been doing this and it's catching up to everyone. Some sooner than others. The politicians around the world will divert the blame to something else. Everyone likes to get elected with promises of plenty, without having to produce a real plenty. It's a figment.

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