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Old 09-21-2010, 09:14 PM   #1
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I just found out the recession is over..

No shit?

How are we out of a recession? who is giving out this news? WTF is going oN?
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Old 09-21-2010, 09:19 PM   #2
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Mr Obama said it, so it MUST be true!
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Old 09-21-2010, 09:22 PM   #3
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Mr Obama said it, so it MUST be true!

All Hail Obama!

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Old 09-21-2010, 09:45 PM   #4
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the jobless rate is still high, ppl are broke...and we are out of a recession!
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Old 09-21-2010, 09:47 PM   #5
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the jobless rate is still high, ppl are broke...and we are out of a recession!
And in a depression.
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Old 09-21-2010, 09:52 PM   #6
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http://www.usdebtclock.org/

The US has been in a recession for sometime. Obama was given a raw deal from Bush.
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Old 09-21-2010, 09:55 PM   #7
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the jobless rate is still high, ppl are broke...and we are out of a recession!
Worry not!

Our DEAR LEADER will take care of us and make things right for all after spreading the wealth!

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Old 09-21-2010, 10:03 PM   #8
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Well the economy is either growing or receding. If you fall back far enough any small amount of growth will technically end a recession.

But if a guy earns $10 an hour in 2008 and you cut his pay to $5 an hour in 2009. He's not going to be that excited about earning $6 an hour in 2010 even though he's had a 20% pay increase.
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Old 09-21-2010, 10:19 PM   #9
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No shit?

How are we out of a recession? who is giving out this news? WTF is going oN?
The same economists on the Fed payroll/grants that "supposedly" never saw it coming to begin with.
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Old 09-21-2010, 11:51 PM   #10
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yeah, the Romanian president announced on TV that recension is over, maybe in his imagination I think. What an idiot!
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Old 09-21-2010, 11:55 PM   #11
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It is over because an election is right around the corner. They need to clean everything up, bring the troops home and make you think they are kicking ass.

Then back to reality, which is... there is no spoon.
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Old 09-22-2010, 12:06 AM   #12
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Recession is over!

Quickly rush out to spend more and get more debt... nevermind about the long term, China will lend to you forever
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Old 09-22-2010, 03:10 AM   #13
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Quote:
Originally Posted by GAMEFINEST View Post
No shit?

How are we out of a recession? who is giving out this news? WTF is going oN?
Love the thread Gamefinest

Quote:
Originally Posted by HeadPimp View Post
Mr Obama said it, so it MUST be true!
Agreed, he does rule the world

Quote:
Originally Posted by Sausage View Post
Recession is over!

Quickly rush out to spend more and get more debt... nevermind about the long term, China will lend to you forever
Loving these comments..... The wit must be the good trend of the decreasing recession
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Old 09-22-2010, 04:13 AM   #14
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lolzzzz, yeah right... the US going down
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Old 09-22-2010, 06:27 AM   #15
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http://www.nber.org/cycles/sept2010.html
If any of you tards knew anything about economics and the indicators you'd understand but that would require more than a junior high education.
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Old 09-22-2010, 06:32 AM   #16
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http://www.nber.org/cycles/sept2010.html
If any of you tards knew anything about economics and the indicators you'd understand but that would require more than a junior high education.
Not for the UK

2.5% decrease on taxes to save members of the public a few quid at christmas, may cost Britain 10s of millions over the next years or so....

Another recession is due... in about 2 years, watch people sell homes as interest rates go up & house prices fall
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Old 09-22-2010, 06:34 AM   #17
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In my area it's pretty bad, housing is beyond bleek... The good news is that I'll be ready to buy more properties early next year. Someone elses misery is someone elses opportunity
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Old 09-22-2010, 06:39 AM   #18
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http://www.nber.org/cycles/sept2010.html
If any of you tards knew anything about economics and the indicators you'd understand but that would require more than a junior high education.
Then you obviously lack even a junior high education if you think the recession is over.
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Old 09-22-2010, 06:40 AM   #19
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Working around the banking sector for the past 12 years, I've watched this situation evolve... Only just found this video yesterday....


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Old 09-22-2010, 06:44 AM   #20
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Then you obviously lack even a junior high education if you think the recession is over.
Did you even read the article? Based on the indicators the recession was over in 09. Just because you are a whiny bitch doesn't change the facts.
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Old 09-22-2010, 08:22 AM   #21
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Did you even read the article? Based on the indicators the recession was over in 09. Just because you are a whiny bitch doesn't change the facts.

There are very few "facts" in economic theory. Find me a room full of economists, and I will find you a room full of differing opinions. The only "Fact" about economic theory and study is that the economic systems themselves, (i.e. the interactions between human beings), are so complex that no one has it down to a set of "facts".
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Old 09-22-2010, 10:09 AM   #22
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Obama's kryptonite cuts to the very heart of the administration's failings at a presidential economic town hall:
http://www.thedailyshow.com/watch/tu...-the-depressed
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Old 09-22-2010, 10:14 AM   #23
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There are very few "facts" in economic theory. Find me a room full of economists, and I will find you a room full of differing opinions. The only "Fact" about economic theory and study is that the economic systems themselves, (i.e. the interactions between human beings), are so complex that no one has it down to a set of "facts".
exactly, and this is part of the problem that both the govt and the people dont get..

however, i cant believe we are basing this countries recovery on principals used after the depression...

to me, its simple accounting.. dont spend more than you take in... thats how we recover economically..



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Old 09-22-2010, 10:35 AM   #24
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exactly, and this is part of the problem that both the govt and the people dont get..

however, i cant believe we are basing this countries recovery on principals used after the depression...

to me, its simple accounting.. dont spend more than you take in... thats how we recover economically..



.
Agreed on all levels. Unfortunately this is looking more and more like the situation, (which I believe in large part was forced on us by government regulation on bank lending in the first place), is being seized upon, by both parties, as an excuse for the federal government to grab MORE power over the intricacies of the economic interactions of it's citizens.... something which has never worked to grow an economy IMHO, since there is no panel of "experts" that can successfully predict and control the most complex patterns of behavior of human beings on a large scale.


.


.
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Old 09-22-2010, 10:45 AM   #25
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The recession is over... that doesn't mean we've climbed back on top, it means the mass dropping has stopped for a period of time. The recession is defined by particular drops in combination with a drop in gdp over a period of time. When the drop stops for a period of time, the recession is over. Some areas could still be dropping, sucking or not moving at all but that doesn't mean the recession isn't over.
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