Donder10 From Canada, joined Oct 2001, 6660 posts, RR: 20 Posted (13 years 11 months 3 weeks 5 days 3 hours ago) and read 1919 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?
NKP S2 From United States of America, joined Dec 1999, 1714 posts, RR: 5
Reply 7, posted (13 years 11 months 3 weeks 5 days ago) and read 1870 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.
Mcdougald From , joined Dec 1969, posts, RR:
Reply 10, posted (13 years 11 months 3 weeks 4 days 21 hours ago) and read 1858 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.
JetService From United States of America, joined Feb 2000, 4798 posts, RR: 10
Reply 13, posted (13 years 11 months 3 weeks 4 days 18 hours ago) and read 1838 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).