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Thread: The recession may be over at last so what now? [edited]

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    re: The recession may be over at last so what now? [edited]

    An end to the recession imho is pretty much meaninglyes until such time as the unemployment rates drop to reasonable levels.

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    re: The recession may be over at last so what now? [edited]

    Quote Originally Posted by Goobieman View Post
    I offered no statement of opinion.

    News of this sort was rampant in 2002-2003-2004; none of it meant a thing to those afflicted with BDS, all of whom were more than happy to poiint to any number of other items to illustrate that the economy was not getting better -- indeed, at times, that it was getting worse.

    To deny this is to illustrate a clear and acute disconnect with reality.
    And to keep rambling on about your particular perception, based on the news, states you have nothing but hackery to contribute. Try to stay on topic Goob
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    re: The recession may be over at last so what now? [edited]

    Quote Originally Posted by Dutch View Post
    An end to the recession imho until such time as the unemployment rates drop to reasonable levels.
    What is reasonable? (hint: the natural rate of unemployment is the key)
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    re: The recession may be over at last so what now? [edited]

    Quote Originally Posted by Goldenboy219 View Post
    And to keep rambling on about your particular perception, based on the news, states you have nothing but hackery to contribute.
    As I said:
    To deny this is to illustrate a clear and acute disconnect with reality.
    Thanks for being so clear.

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    re: The recession may be over at last so what now? [edited]

    Quote Originally Posted by Goldenboy219 View Post
    Care to explain?
    Nah, but I am looking forward to hearing all about this upward trend of which you speak.

    .

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    re: The recession may be over at last so what now? [edited]

    Quote Originally Posted by TOJ View Post
    Nah, but I am looking forward to hearing all about this upward trend of which you speak.

    .


    Now, can you draw the trend line TOJ?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    re: The recession may be over at last so what now? [edited]

    Quote Originally Posted by Dutch View Post
    An end to the recession imho is pretty much meaninglyes until such time as the unemployment rates drop to reasonable levels.
    Not true. The end of the recession means the economy is growing, by definition. This means that companies will need to start hiring. There is always a lag and it will be some time before unemployment is at reasonable levels. I think it is fair to say that the situation will not be satisfactory until employment has returned. Still, it is not meaningless to see the economy growing again.

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    re: The recession may be over at last so what now? [edited]

    "Federal support for spending on cars and homes drove the economy up 3.5 percent from July through September. But the government aid from tax credits for home buyers to rebates for auto purchases is only temporary. Consumer spending, which normally drives recoveries, is likely to weaken without it.

    If shoppers retrench in the face of rising joblessness and tight credit, the fragile recovery could tip back into recession"

    The 3rd quarter bump could be an artificial increase, I'll wait until a trend develops before I celebrate the end of the recession.

    Economy growing but recovery could be at risk - Yahoo! News
    "Republicans believe every day is the Fourth of July, but the Democrats believe every day is April 15." -Ronald Reagan

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    re: The recession may be over at last so what now? [edited]

    Quote Originally Posted by reefedjib View Post
    Not true. The end of the recession means the economy is growing, by definition. This means that companies will need to start hiring. There is always a lag and it will be some time before unemployment is at reasonable levels. I think it is fair to say that the situation will not be satisfactory until employment has returned. Still, it is not meaningless to see the economy growing again.
    This is exactly correct.
    Its nice to see growth, but alone, it doesnt mean much.
    In fact, the growth will be revised at the end of this quarter (if not sooner) and is as likely as not to be revised down.

    As another, perhaps more, positive sign:
    Two of the three US-flaged Great Lakes Bulk Carriers that were laid up all summer in Toledo OH were put back into service last week.
    Last edited by Goobieman; 10-29-09 at 02:32 PM.

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    re: The recession may be over at last so what now? [edited]

    The economy is rebounding? There are still people losing jobs, with more jobs expected to lost next year, to the tune of 2 million jobs. It's going to cost a trillion dollars to pay for the health insurance entitlement program, consumer confidence is still down, PBO still has cap-n-tax hanging over everyone's head, the cash for clunkers BS wound costing about $24 thousand per car.

    Long story short, the economy is rebouding. The economy won't rebound in the 3rd and surely not the 4th quarters. If a rebound occurs, we won't see the effect until the 2nd quarter of next year.
    Last edited by apdst; 10-29-09 at 02:33 PM.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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