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Why All The Talk Of Recession?  
User currently offlineDonder10 From Canada, joined Oct 2001, 6660 posts, RR: 21
Posted (12 years 10 months 4 weeks 1 day 7 hours ago) and read 1276 times:

I was reading articles on Yahoo about aviation and came across an article with the title 'Recession Hurting Christmas Mood...With 800,000 Americans Laid Off Since Sept. 11, Recession Bringing a Blue Christmas for Many'. A recession is 2 consecutive quarters of falling real GDP so why all the talk of recession?

13 replies: All unread, jump to last
 
User currently offlineAlpha 1 From , joined Dec 1969, posts, RR:
Reply 1, posted (12 years 10 months 4 weeks 1 day 6 hours ago) and read 1247 times:

Maybe because last week President Bush admitted that the economy is in a recession, and most economists have been saying the economy started into a recession last March.

User currently offlineLortab 7.5mg From United States of America, joined exactly 13 years ago today! , 805 posts, RR: 11
Reply 2, posted (12 years 10 months 4 weeks 1 day 6 hours ago) and read 1245 times:

President Bush admitted that the economy is in a recession, and most economists have been saying the economy started into a recession last March.


So it is a Bush recession.

...sorry, but I couldn't resist.


User currently offlineLeftseat86 From , joined Dec 1969, posts, RR:
Reply 3, posted (12 years 10 months 4 weeks 1 day 6 hours ago) and read 1241 times:

Totally... Big grin

User currently offlineLOT767-300ER From , joined Dec 1969, posts, RR:
Reply 4, posted (12 years 10 months 4 weeks 1 day 6 hours ago) and read 1240 times:

um no.

The economy dosent react just because he came into office. At an average the economy sees the effects of what happened 18 months earlier.


User currently offlineDonder10 From Canada, joined Oct 2001, 6660 posts, RR: 21
Reply 5, posted (12 years 10 months 4 weeks 1 day 5 hours ago) and read 1232 times:

The US is in slowdown not recession , that is a big difference.Japan is the only G8 country predicted to have negative growth this year I think.

User currently offlineFlyguy1 From United States of America, joined Jun 1999, 1740 posts, RR: 4
Reply 6, posted (12 years 10 months 4 weeks 1 day 4 hours ago) and read 1231 times:

Many Americans dont understand complicated talk about GDP, negative growth, etc. So its easier to say recession, even though technically we are not there yet.


727, L1011, MD80, A300, 777-200, 737-300, 737-700, 747-400, 757-200, 737-800, A320. E190, E135, 767-200, CRJ9
User currently offlineNKP S2 From United States of America, joined Dec 1999, 1714 posts, RR: 5
Reply 7, posted (12 years 10 months 4 weeks 1 day 4 hours ago) and read 1227 times:

Whether we are or not...It's just a word, and although the sun would continue to rise and set and the birds will still migrate and return, the more emotional people will allow this abstraction to change the way they live. -- As in every other "recession" or slowdown in my memory since the very early 80's: I chose not to participate, and will continue not to partake.

User currently offlineCPDC10-30 From United Kingdom, joined Feb 2000, 4791 posts, RR: 23
Reply 8, posted (12 years 10 months 4 weeks 1 day 2 hours ago) and read 1220 times:

The US economy has been in recession since late Q1 of this year, and is threatening to drag Canada along with it since we are so dependant on exports.

User currently offlineDonder10 From Canada, joined Oct 2001, 6660 posts, RR: 21
Reply 9, posted (12 years 10 months 4 weeks 1 day 2 hours ago) and read 1219 times:

The US GDP growth is forecasted around 1.5% I think.

User currently offlineMcdougald From , joined Dec 1969, posts, RR:
Reply 10, posted (12 years 10 months 4 weeks 1 day 1 hour ago) and read 1215 times:

CPDC-10 wrote: "...threatening to drag Canada along with it since we are so dependant on exports."

Strangely, all the talk of recession doesn't seem to have brought much of a change in terms of consumer confidence. I recently had to write a media release explaining that consumer confidence here in Manitoba has hardly changed at all since August, in spite of world events and talk of recession. In fact, there's more optimism now than there was at the beginning of the year.

This was also reflected in a Globe and Mail article yesterday about how some retailers are saying that sales are still going well thanks to bargain-hunters and generous financing terms for mortgages and car loans.



User currently offlineMcdougald From , joined Dec 1969, posts, RR:
Reply 11, posted (12 years 10 months 4 weeks 1 day 1 hour ago) and read 1212 times:

I should have credited the quote to CPDC10-30, not 'CPDC-10'. Sorry.

User currently offlineAerorobnz From Rwanda, joined Feb 2001, 7276 posts, RR: 13
Reply 12, posted (12 years 10 months 4 weeks 1 day ago) and read 1202 times:

It is a global recession...

User currently offlineJetService From United States of America, joined Feb 2000, 4798 posts, RR: 11
Reply 13, posted (12 years 10 months 4 weeks 22 hours ago) and read 1195 times:

Ironically the market is doing well during a recession and some even feel its a bull market. Also, as someone mentioned, consumer confidence is doing well considering. Probably because people are looking to the market to gauge. From my perspective, all is well. My job is secure and my stock is doing quite well. But people are being let go and that's not fun to watch. I hope things get turned around soon. BTW, Japan is in recession, too. (for what its worth).


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