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Thread: Recession Ended in June 2009

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    Recession Ended in June 2009

    Do you agree?

    Recession Ended in June 2009 - Real Time Economics - WSJ

    The National Bureau of Economic Research, the arbiter of the start and end dates of a recession, determined that the recession that began in December 2007 ended in June 2009.

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    Re: Recession Ended in June 2009

    It fits the definition of a recession, but it does not imply that we've actually recovered fully.

    So, yes, I agree with this analysis from a textbook-definition standpoint. I don't think you'll find anyone arguing that everything is just peachy.
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    Re: Recession Ended in June 2009

    Quote Originally Posted by Deuce View Post
    It fits the definition of a recession, but it does not imply that we've actually recovered fully.

    So, yes, I agree with this analysis from a textbook-definition standpoint. I don't think you'll find anyone arguing that everything is just peachy.
    As a truck driver I know frieght improved since april. That means we may level off. I believe you will not see hiring until companies know how taxes and helthcare will affect their profits.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by ptif219 View Post
    Do you agree?

    Recession Ended in June 2009 - Real Time Economics - WSJ

    The National Bureau of Economic Research, the arbiter of the start and end dates of a recession, determined that the recession that began in December 2007 ended in June 2009.
    Yes, we exited the recession. I ony wonder when (some might say if) we entered the double dip. We'll have to wait for NBER to set that date, and I think obama's policies hastened us to the probable double.
    Last edited by buck; 09-20-10 at 07:47 PM.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by ptif219 View Post
    As a truck driver I know frieght improved since april. That means we may level off. I believe you will not see hiring until companies know how taxes and helthcare will affect their profits.
    I don't think those factor in at all. There is no evidence taxes effect hiring in any way that I have found, and health care has been a problem before reform. Nothing done should effect employment at all, though a public option might have actually helped companies.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by Boo Radley View Post
    I don't think those factor in at all. There is no evidence taxes effect hiring in any way that I have found, and health care has been a problem before reform. Nothing done should effect employment at all, though a public option might have actually helped companies.
    Wrong these are new expenses and companies in this economy will not hire until they know how much Obama is costing them

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    Re: Recession Ended in June 2009

    Quote Originally Posted by Boo Radley View Post
    I don't think those factor in at all. There is no evidence taxes effect hiring in any way that I have found, and health care has been a problem before reform. Nothing done should effect employment at all, though a public option might have actually helped companies.
    It's all the uncertainty of what taxes will be and what the HC bill will do to small/large businesses.
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    Re: Recession Ended in June 2009

    Quote Originally Posted by ptif219 View Post
    Do you agree?

    Recession Ended in June 2009 - Real Time Economics - WSJ

    The National Bureau of Economic Research, the arbiter of the start and end dates of a recession, determined that the recession that began in December 2007 ended in June 2009.
    I can answer this question, but it is in 2 parts.

    1) Yes, according to all the economic indicators, the recession is over. When it ended, Obama had only been in office for 6 months. He should get a little of the credit, but the majority of the credit has to go to what Bush did during his last 6 months or so in office.

    2) Yes, the recession is over, but that does not mean that we have recovered, nor does it mean a robust economy. That is going to take a lot of hard work, over a lot of years to happen. Don't forget that, when the crash hit in 1929, the market did not make it back to it's pre-crash level until 1953. If we recover, it is going to take a very long time. Being impatient won't help.

    3) I know, I know, I said two parts, but the following thought just occurred to me - The derivatives bubble is still out there, and when it bursts, it will make the other bubbles look like a walk in the park. I believe that things are going to get much worse before they get better.
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    Re: Recession Ended in June 2009

    Quote Originally Posted by ptif219 View Post
    Wrong these are new expenses and companies in this economy will not hire until they know how much Obama is costing them
    Boo doesn't live in a world of Businesses and Reality, just liberal Ideology. Of course Businesses of all stripes are holding down, and prepping for the worst, uncertain as to what and how much Obama's Machinations will cost them, but Boo isn't allowed to think about that...
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    Re: Recession Ended in June 2009

    Quote Originally Posted by Deuce View Post
    It fits the definition of a recession, but it does not imply that we've actually recovered fully.

    So, yes, I agree with this analysis from a textbook-definition standpoint. I don't think you'll find anyone arguing that everything is just peachy.
    If the recession is indeed over, then this whole jobless riff-raff is definitely an illusion IMHO.
    Last edited by ZGM; 09-21-10 at 12:22 PM.
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