N79969
Topic Author
Posts: 6605
Joined: Tue Jan 29, 2002 1:43 am

Recession Over

Fri Jul 18, 2003 1:42 am

The National Bureau of Economic Research has declared the recession over. Now if the job market would just pick up, I think people would be really convinced. Unfortunately there is still probably excess capacity in the economy so it still may take a while and there has to be a period of sustained growth before firms start hiring.

http://money.cnn.com/2003/07/17/news/economy/recession.reut/index.htm?cnn=yes
 
alaska739
Posts: 82
Joined: Fri Apr 05, 2002 3:37 pm

RE: Recession Over

Sat Jul 19, 2003 6:25 pm

But no one wants to admit it. Because that would make the dems look like the blithering fools they are. The recession certainly is over.
north dakota sucks.
 
B747-437B
Posts: 8777
Joined: Thu May 30, 2002 6:54 am

RE: Recession Over

Sat Jul 19, 2003 6:32 pm

The National Bureau of Economic Research has declared the recession over.

Hmm... why does this remind me of when George W. Bush declared hostilities in Iraq over?  Smile

It ain't over till its over!
"The A340-300 may boast a long range, but the A340 is underpowered" -- Robert Milton, CEO - Air Canada
 
Alpha 1
Posts: 12343
Joined: Sat Feb 03, 2001 12:12 am

RE: Recession Over

Sun Jul 20, 2003 12:28 am

Sure, the recession is over-if you're a wealthy Republican, with stocks in the defense industry. For the rest of us?
 
captaingomes
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Joined: Tue Feb 13, 2001 1:33 am

RE: Recession Over

Sun Jul 20, 2003 12:31 am

No doubt things are somewhat improving but they are far from rosy. With the possibilities of more war too, I wouldn't bet on a big recovery anytime soon.
"it's kind of like an Airbus, it's an engineering marvel, but there's no sense of passion" -- J. Clarkson re: Coxster
 
N79969
Topic Author
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RE: Recession Over

Sun Jul 20, 2003 12:31 am

The NBER is more of an academic institution rather a political body. They do cutting-edge economic research.

Apparently they have seen several quarters of sustained economic growth. But like I said, if there is excess capacity in the economy, there will not be an uptick in employment or prices for a while.

For most of us, the recession will not be truly over until jobs are plentiful again and paychecks are getting bigger. That is bad news for GWB.

http://www.nber.org/info.html


[Edited 2003-07-19 17:33:51]
 
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modernArt
Posts: 465
Joined: Thu Jun 12, 2003 2:23 pm

RE: Recession Over

Sun Jul 20, 2003 12:42 am

Sure, the recession is over-if you're a wealthy Republican, with stocks in the defense industry. For the rest of us?

Only you are responsible for the boulder-size chip on your shoulder.
 
Alpha 1
Posts: 12343
Joined: Sat Feb 03, 2001 12:12 am

RE: Recession Over

Sun Jul 20, 2003 12:42 am

If it's bad news for GWB, in the long run, that's good news for the country.

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