What is Digg?157 Comments
- designer, on 01/18/2008, -5/+59EVERYONE PANIC!!!
- Theisos, on 01/18/2008, -10/+51Happy recession America!
- TheHim, on 01/18/2008, -15/+51Well good luck with that. Go ahead and vote a moderate candidate, because Paul is too "nutty"...
- bysubmitted, on 01/18/2008, -7/+372.5%? We're all up in arms about 2.5%??
Just wait for the profit taking to start.
Oh, and you'll never see a news story on the front page of Digg (or any other media source) that says "Dow skyrockets 306 points in a single day!" Media loves misery. - Theisos, on 01/18/2008, -3/+27Of course it does. Spending money on massive worthless wars doesn't affect the situation in any way... /sarcasm
- Jenadae, on 01/18/2008, -9/+31It's only the beginning...
- spoonyinc, on 01/18/2008, -5/+25I think what most people are failing to realize is that periods of economic recession and growth are completely normal.
- jhaitas, on 01/18/2008, -2/+20i reckon we may just bring the rest of the world for the ride
- blackmage439, on 01/18/2008, -21/+37Pay close attention you right-wing, ignorant, warmongers. THIS is what happens when your country loans its way through a pointless, wasteful, and VERY costly war.
Screw a recession. We'll be lucky if we come out of this mess with anything but a full blown remake of the 1930's... - Goodanswer, on 01/18/2008, -3/+16*JAWS* music plays in the background of the opening bell.
- halohunter, on 01/18/2008, -2/+15The question is how much bounce you give it.
- tortfeasor, on 01/18/2008, -1/+13Yes, it does matter. It matters very much. Fiscal and tax policy has a huge effect on the economy. No one in his or her right mind would ever submit that we aren't going to see "bubbles" and corrections both large and small, but the policies our elected officials adopt have a massive effect on the length and the extremes of these "bounces" - not to mention the overall health of the economy.
- OwdenBowden, on 01/18/2008, -3/+15You haven't seen nothing yet. It is in the best interest of us all for these markets to properly adjust - and they will. By March of this year we we see the Dow and respective markets utilizing their electronic trading brake system but this will not stop the fall. I for one am happy that they are finally reacting to what is taking place in the economy. The worst thing that happened to this country was the FED continuing to lower the rates. All this is doing is temporarily holding off a full blown recession. It is like putting a band-aid on an open heart wound.
These free falls ( a.k.a. corrections/adjustments) are good because it will start to put in place a foundation for every step we take. So the next time we fall it will not be from such great heights. As for our markets and economy - this country is so obsessed with be in with the in crowd / going along with what ever "experts" tell you is right to do. We have seen this in the Dutch Tulip craze, silicone vally craze, dot-com craze, and currently the housing craze (just to name a few). It seems to me that everyone is reacting like my Niece and Nephew do when it comes to Webkinz. They are like drunkin sailors and "NEED", "GOTTA HAVE" in order to be satisfied but in the end it is just an illusion and they are even hungrier than before. This is what the men and women running for office are going to use to blow smoke up everyones ass. Just know that if you are young - then you have a great chance to recover and profit from this in the long run. If your older and near retirement - then you might want to seek out a safer investment vehicle, one that has the struts and shocks to absorb a lot of his because were in for a bumpy ride. - orlyfactor, on 01/18/2008, -6/+18OMG OMG OMG OMG
- datastorageguy, on 01/18/2008, -2/+13Try taking econ 101 and get an edumacation. You have no idea what you are talking about.
- inactive, on 01/18/2008, -1/+11Here, you can borrow my "up"
- bbtweb, on 01/18/2008, -1/+11Not like this. Responsible spending and policy that promotes non-inflationary levels of economic growth would keep the economy much more stable than it currently is. Of course it will fluctuate, but on the whole it would be stable. Unfortunately, doing anything responsible has been hard to come by in this administration.
- tortfeasor, on 01/18/2008, -3/+12THIS IS A GOOD PLAN! I shall rend my clothes and began defecating everywhere post haste! I will also kill many a small animal for good measure. And then defecate upon them.
- inactive, on 01/18/2008, -4/+13It is funny how some people seem to be actively hoping for a recession. It is almost a case of "Yay! Hardship and misery for other people!"
- PrettyMuchBryce, on 01/18/2008, -2/+11its just the DOW30. Dont freak out assclowns.
- Amazetbm, on 01/18/2008, -5/+13It's like 2001 all over again. A couple of corporate scandals and we have a sequel.
- tman84, on 01/18/2008, -2/+10Bill Clinton was a right winger? Bombing Serbia and Iraq during most of his Presidency. This isn't a left vs right argument, it's business as usual when you elect establishment shill into office. This won't change with Hillary of Obama.
- ScotchInBox, on 01/18/2008, -8/+16For a trader this sucks - for an investor this is awesome - time to buy some blue chip/industry leader stocks at a great price.
- Comanche, on 01/18/2008, -1/+8How about stop spending money on a stupid war.
- 2612, on 01/18/2008, -0/+7You beat me to it - a recession is negative growth: you can't just wish one into being.
- holzp, on 01/18/2008, -5/+12Its losing some weight for a New Year's resolution.
- Clp727, on 01/18/2008, -2/+9I don't think the stock market accurately reflects what the average Americans are dealing with. The markets have been doing well until now, but the working American is busting A** just to make ends meet. American's knew the economy has been crap for sometime now. Our jobs are going over seas. The jobs that do stay in our country are making cuts, freezing spending, eliminating positions,and reducing salaries. Because of NAFTA, the American workers are trying to compete with foreign companies that pay their employees nothing. Many of the products that are imported are low quality, junk. Supporting NAFTA is just like cutting your own throat. We need to tax the hell out of imported goods in order to restore jobs for the American workers.
"Would you like fries with that?" will be all we need to know to get the only jobs left in America. - a10webb, on 01/18/2008, -0/+6sticks head in sand. we're not in a recession. we're not in a recession. we're not in a recession
/sarcasm - gyrfalcon, on 01/18/2008, -2/+8Nothing you nitwit... He has very sound stances on monetary spending and financial conservatism. This would be very good for the economy if he was elected.
- Wholekernalcorn, on 01/18/2008, -2/+8
Stocks Set to Rebound From Huge Drop
http://biz.yahoo.com/ap/080118/wall_street.html - tortfeasor, on 01/18/2008, -2/+8It's pretty easy actually.
- hokie47, on 01/18/2008, -0/+6Dead cat bounce
- danefett, on 01/18/2008, -5/+11I love all of this talk about a recession that is beginning this week. Are they crazy? This recession began in 2008 ?
- silveravnt, on 01/18/2008, -1/+7I know how you feel. My 2 best friends are clueless about the problems facing our country, but they do know everything about bluray vs. HDDVD
- spider418, on 01/18/2008, -4/+10Stop your whining and start buying stuff you don't need! THANK GOD for the perfect timing of MacBook Air! I can now feel pretentious and patriotic at the same time!
- inactive, on 01/18/2008, -4/+10WE ARE DOOMED!!!
- BigW, on 01/18/2008, -3/+8By technical measures, yes a recession is yet to begin. You need quarters of negative growth to signal a recession. So far all we've seen is smaller positive growth.
Just because you don't like Bush doesn't mean that there has been a recession going on. - Look4Truth, on 01/18/2008, -2/+7Yep but the crashing dollar isn't. Remember what happened to Mexico? Well imagine that X10.
- kurtwinter, on 01/18/2008, -2/+6This is a direct result of the borrow and spend and spend and spend policies of the Bush administration. We have spent well more than our GDP for several years now, have run out of lenders and are on the brink of reducing our credit rating from AAA to AA or A. In doing so, we can now longer be in control of our prime interest rate, and therefore, the prime is pushed up. When the interest rates go up on bonds, the value of stocks diminishes. That, coupled with the devaluation of the currency and rumors of a unified North American currency, can't bode well for American companies.
Thanks Republicans, you really managed to take a ***** on your party's historic position as economic conservatives. And no, keeping gays from voting doesn't help our economy. Maybe Jesus can miracle some money for you. - browntiger, on 01/18/2008, -0/+4With all the jobs from telecommunications, IT, manufacturing, research & development, accounting, and now bio-tech and healthcare going to india & china the only bounce we will see in the future is down down and down.
Combine this with housing slump and Crooked CEO's comp, and companies earning that does not trickle down to employees does not help the situation either. - cyberdork, on 01/18/2008, -0/+4More than 40%??? You wish!
The US represents 20% of the world's GDP. The EU represents another 20% and China 15%
https://www.cia.gov/library/publications/the-world ... - DrMonkeyLove, on 01/18/2008, -0/+4That's okay. They're the baby boomers. They did enough to screw the younger generations over. They'll just have to deal with it now.
- jbmcb, on 01/18/2008, -1/+5The market goes up and down. Call me in a year if it's still down, it'll be news then.
- mal1964, on 01/18/2008, -0/+3Its a very good measuring stick for all stocks
- Number23, on 01/18/2008, -0/+3You realize if you had bought your shiny metal at its previous peak in the 1980’s you’d still be underwater even in nominal terms, after adjusting for inflation, you’d be way under. Since gold’s peek in the 1980’s the up until the last two years Dow and S&P have BLOW IT AWAY.
The deflation of the 30’s was a largely RESULT of the species money, that why species money NO LONGER EXIST ANYWHERE. A money supply that cannot grow with the economy will bring about deflation. Deflation is ALWAYS worse than inflation because people will put off buying today what will be cheaper tomorrow. That make everyone poorer.
Fact: had you bought the Dow, the day AFTER the 1929 crash, 10 years later your money would have outperformed virtually any other investment. - widgetmaker, on 01/18/2008, -0/+3The economy bounces up and down, every time it goes down people (mostly on the European left) predict the end of the economy as we know it, then it turns around and continues another cycle. A few days stock market loses do not mean western economies will crash to 1930's levels.
- Jergens, on 01/18/2008, -0/+3Hey, in Michigan we've been in recession for at least 2-3 years. Welcome to the party my 49 wacky friends!
- CiXeL, on 01/18/2008, -0/+3down here in south florida you see ramen isles cleared out at walmart
- Look4Truth, on 01/18/2008, -1/+4The markets will probably go up today on Bush's silly economic package which will only delay the death of the bloated pig. Take that time to get out of the markets and the dollar and invest in gold, silver, and storable goods because it's just a matter of time before it all implodes.
This package will only hasten inflation and the crashing dollar so this is just a Band-Aid on a severed artery. I know I keep harping on this but the economy is on life support and we all need to prepare now before it's too late. The economic debt this nation owes is ridiculous enough but add to that a continual falling of the dollar and we can't stop this out of control train. - roodammy44, on 01/18/2008, -1/+4Actually, I heard that the recession officially started last week.
Where was that book of definitions? Ahh yes,
http://www.google.co.uk/search?hl=en&q=define%3Are ...
"A significant decline in economic activity. In the US, recession is approximately defined as two successive quarters of falling GDP, as judged by NBER. A recession in one country may be caused by, or itself cause, recession in another country with which it trades."
It's been two quarters -
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