View Poll Results: Is the Great Recession over?

Voters
11. You may not vote on this poll
  • Yes it is.

    0 0%
  • No it's not.

    9 81.82%
  • I don't know.

    2 18.18%
Page 1 of 2 12 LastLast
Results 1 to 10 of 11

Thread: Recession Is Over According to Financial Experts

  1. #1
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 01:27 AM
    Gender
    Lean
    Conservative
    Posts
    39,720

    Recession Is Over According to Financial Experts

    Let me see here - The recession is over because housing prices fell again last month? Because unemployment increased last month? Because sales were down last month? This "news" from ABC News is more than a bit suspect.

    Is what ABC News billed as the Great Recession just a couple of months ago now really over, or is this just some feel good propaganda? You make the call. Answer the poll.

    Article is here.
    The ghost of Jack Kevorkian for President's Physician: 2016

  2. #2
    Educator Shep Dawg's Avatar
    Join Date
    May 2009
    Last Seen
    10-19-10 @ 10:50 PM
    Lean
    Undisclosed
    Posts
    911

    Re: Recession Is Over According to Financial Experts

    By definition the recession may end soon. But that doesn't mean that the economy is getting better just yet. But the stimulus pkg. may have provided enough short term relief to at least by "definition" end the recession.
    Democracy is two wolves and a lamb voting on what to have for lunch, Liberty is a well armed lamb contesting the vote Benjamin Franklin

    I'm a Tiki Bar Tarte, wanna gnaw on my bone

  3. #3
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 08:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Re: Recession Is Over According to Financial Experts

    There are two basic scenarios:

    1. We are in a recession.
    2. We are in an expansion.

    If we are in a recession, the economy is contracting, demand is dropping, consumption is dropping, unemployment is growing.

    If we are in an expansion, the economy is growing, demand is increasing, consumption is increasing, and unemployment is (or will be--lagging indicators being, well, laggards) shrinking.

    However, in either case, the monkey wrench in the works is the massive amounts of "stimulus" and "quantitative easing" applied by the previous and current administrations.

    If the economy is contracting, the "stimulus" and "quantitative easing" are propping up industries such as housing that need to finish collapsing, and are thus prolonging the recession.

    If the economy is expanding, the "stimulus" is being applied at the worst possible time, and will inflate the economy, potentially producing other economic bubbles.

    The economy is contracting or expanding--either way, the economic measures currently being enacted are bad news.

  4. #4
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    Yesterday @ 07:36 PM
    Gender
    Lean
    Centrist
    Posts
    29,089

    Re: Recession Is Over According to Financial Experts

    We have been in recession since 2007, so yes it is most likely over. However that does not automaticly mean that unemployment will go down and so on.. that takes time.
    PeteEU

  5. #5
    Klattu Verata Nicto
    LaMidRighter's Avatar
    Join Date
    May 2005
    Location
    Louisiana
    Last Seen
    07-21-17 @ 02:42 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    30,534

    Re: Recession Is Over According to Financial Experts

    I would never put my money in the hands of these "experts". The market is not showing any stability right now, that would mean that it isn't in a true expansion at the moment, thus, we are still in a contraction period. If people wanted to truly end this recession in Washington I've got a solution for them, "shut up"....... there, that's it, every time one of those morons in the capitol opens their mouths the market loses ground.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  6. #6
    Sage
    Renae's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    10-23-17 @ 10:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    38,972
    Blog Entries
    15

    Re: Recession Is Over According to Financial Experts

    Quote Originally Posted by Shep Dawg View Post
    By definition the recession may end soon. But that doesn't mean that the economy is getting better just yet. But the stimulus pkg. may have provided enough short term relief to at least by "definition" end the recession.
    LOL? What stimulus money?

    Nearly three months after President Obama approved a $787 billion economic stimulus package, intended to create or save jobs, the federal government has paid out less than 6 percent of the money, largely in the form of social service payments to states.
    http://www.nytimes.com/2009/05/13/us...ulus.html?_r=1

    Really, you should understand how this porkulous has gone down, so far... nadda, and most of what's been spent/sent ot the states? Pays for government services....
    The stimulus bill has directly injected around $45.6 billion into the economy, mostly to help states cover the costs of Medicaid and unemployment benefits, one-time $250 checks that were mailed to Social Security recipients last week, and income tax cuts that began to take effect this spring.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  7. #7
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 08:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Re: Recession Is Over According to Financial Experts

    Quote Originally Posted by MrVicchio View Post
    LOL? What stimulus money?


    http://www.nytimes.com/2009/05/13/us...ulus.html?_r=1

    Really, you should understand how this porkulous has gone down, so far... nadda, and most of what's been spent/sent ot the states? Pays for government services....
    If the economy is indeed in recovery and no longer in recession, then the "stimulus" package was never the urgent need Dear Leader and the Anti-Republicans claimed it was.

    If the economy is indeed in recovery and no longer in recession, then the most prudent course for government to take in February was the "do nothing" approach advocated by some (including me) back in January.

    If the economy is indeed in recovery and no longer in recession, then the prudent course now is for Dear Leader to call for a reversal of the stimulus bill, and for both Republican and Anti-Republican alike to unanimously vote to do exactly that.

  8. #8
    Educator Shep Dawg's Avatar
    Join Date
    May 2009
    Last Seen
    10-19-10 @ 10:50 PM
    Lean
    Undisclosed
    Posts
    911

    Re: Recession Is Over According to Financial Experts

    Quote Originally Posted by MrVicchio View Post
    LOL? What stimulus money?


    http://www.nytimes.com/2009/05/13/us...ulus.html?_r=1

    Really, you should understand how this porkulous has gone down, so far... nadda, and most of what's been spent/sent ot the states? Pays for government services....
    Perhaps you misunderstood my post, or maybe I wasn't clear. I'm not suggesting that the stimulus pkg. was spent, nor that I approve of all the projects that are on the radar for future spending. I was merely stating the a recession is generally defined as 2 consecutive quarters of negative economic growth. The short term effect's of what has been spent may prevent negative growth for the quarter. Therefore by "definition" the recession would be over. I understand the economy quite well thank you, and how the stimulus pkg is designed to work. While I may not agree with all that's in it, the short term effects are evident. Housing purchases are up, as well as refies. Consumer spending is slightly above where they had predicted, albeit still down. Without the stimulus, unemployment benefit's wouldn't have been able to be paid. Make no mistake, I think we still have a long way to go before the economy makes a positive turn for any sustained length of time.
    Democracy is two wolves and a lamb voting on what to have for lunch, Liberty is a well armed lamb contesting the vote Benjamin Franklin

    I'm a Tiki Bar Tarte, wanna gnaw on my bone

  9. #9
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 08:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Re: Recession Is Over According to Financial Experts

    Quote Originally Posted by Shep Dawg View Post
    Perhaps you misunderstood my post, or maybe I wasn't clear. I'm not suggesting that the stimulus pkg. was spent, nor that I approve of all the projects that are on the radar for future spending. I was merely stating the a recession is generally defined as 2 consecutive quarters of negative economic growth. The short term effect's of what has been spent may prevent negative growth for the quarter. Therefore by "definition" the recession would be over. I understand the economy quite well thank you, and how the stimulus pkg is designed to work. While I may not agree with all that's in it, the short term effects are evident. Housing purchases are up, as well as refies. Consumer spending is slightly above where they had predicted, albeit still down. Without the stimulus, unemployment benefit's wouldn't have been able to be paid. Make no mistake, I think we still have a long way to go before the economy makes a positive turn for any sustained length of time.
    Retail sales drop unexpectedly in April

    Consumer spending is still on a decline. By "definition", that suggests the recession is not over.

  10. #10
    Educator Shep Dawg's Avatar
    Join Date
    May 2009
    Last Seen
    10-19-10 @ 10:50 PM
    Lean
    Undisclosed
    Posts
    911

    Re: Recession Is Over According to Financial Experts

    Quote Originally Posted by celticlord View Post
    Retail sales drop unexpectedly in April

    Consumer spending is still on a decline. By "definition", that suggests the recession is not over.
    I agree that consumer spending is still on the decline. Just not as much as previously predicted. They had initially predicted that spending would be down another 1.3%, it was off by .5%. You do realize economic growth is based on more factors than just consumer spending right? Again, for the record I think the economy still has a long way to go before we can call it in recovery. I'm just saying that a recession is generally defined a 2 consecutive quarters of negative growth. We may see some positive growth. I think that it is artificial, and due to the stimulus pkg. but we may see it none the less.
    Democracy is two wolves and a lamb voting on what to have for lunch, Liberty is a well armed lamb contesting the vote Benjamin Franklin

    I'm a Tiki Bar Tarte, wanna gnaw on my bone

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •