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192 Comments
- SEGA4life, on 04/15/2008, -11/+50by the time the government admits we're in a recession, it will be over.
make an announcement saying "yes we're in a recession" then we can begin to heal the economy, right now people are just stuck in "are we in a recession" mode, thats when they sit back to see if we are in one or not.
I went bar hopping this weekend down here in south Florida and it was like a dead zone in all of them. When people don't even have cash to drink their problems away, you know it's bad. - ChanM, on 04/15/2008, -1/+30Glad I don't spend more than I make.
- mugicha, on 04/15/2008, -4/+31Don't worry everyone. We'll be welcomed as liberators and the war will pay for itself from Iraq's oil revenues. Oh wait sorry, they've ***** so many things up I get confused sometimes.
- asskicker32, on 04/15/2008, -0/+18and Im getting punished for saving. My APYs have taken a ***** while all the idiots out there are benefiting from low interest rates on stuff they cant afford.
- killbert24, on 04/15/2008, -3/+18It's okay because focusing on keeping troops in Iraq, invading Iran, and cutting education and other funding at home while keeping taxes low should help solve everything. Power of the free market!
P.S. This comment is *****. - CiXeL, on 04/15/2008, -0/+14yep, same here. savers get screwed while the herd is running us off the cliff.
doesnt matter anyway, just prepare to survive when it all hits the fan. - PhantomRogue, on 04/15/2008, -3/+16I think any Intelligent American knows we are in a recession. The problem is, the Intelligent Americans are outnumbered by Retarded Americans 100:1.
The Fed is printing money like its candy (and it is to all the privately owned banks that are destroying the Economy), which is only furthering the downward spiral. The consistent Bailing out of Lenders (who take inherent risk in LENDING money to people whose credit reports show they cant pay it back) just makes the cycle start all over, which in turn hampers people who are smart with their money (aka, dont go into thousands of CC debt and live within their means). - Hetman, on 04/15/2008, -3/+15I know lets lower interest rates. That always works. Or at least keep them low until the Bush administration is out of office for the sake of the administration that is.
- inactive, on 04/15/2008, -0/+10Have no fear America, just keep spending! Hey, that PS3 looks sweet, here`s a no-annual fee credit card for ya ;-) isn`t that better... ur helping the economy!
- Tulle, on 04/15/2008, -0/+9I don't see the problem.
- TheWriteGuy, on 04/15/2008, -4/+13I know people don't want to hear this, but I'm betting this recession will last until 2011. Yes. That. Long. There will be moments when it revs up for a few weeks, but then sputters back down for long periods.
Why? One big reason is that we're in an election year, and it traditionally takes about 2 1/2 to 3 years before the effects of the new President's economic policies start to take shape. - brion182, on 04/15/2008, -1/+10I agree with the first part, having lived through a few recessions it seems once they finally announce were in one, were just about out of it.
As to the second part, I thought that the liquor business was great because people drink in goods times to celebrate and in bad times to wallow? I could be wrong. - Olfster, on 04/15/2008, -0/+8All those professors don't seem to know either. What is wrong with people commenting about how they see it for themselves? AT least their observation is based on first hand reality to the situation and not on "all other things made irrelavant" models.
- jdavid, on 04/15/2008, -7/+15Does, this mean Ron Paul was right?
- moxley, on 04/15/2008, -5/+13Recession? No....
Depression worse than any before? Almost certainly.
This has been a long time coming, and unfortunately it may very well take down the economy completely.
This is going to get worse than many people could possibly imagine - go ahead, digg me down if you don't like it. It's the truth. I love seeing people who know nothing about how the US economy actually works, or people who had a year of economics in school who don't even know how banking and the Fed wor pontificating on why there won't be a recession or how the media caused this.
I've been researching this ***** for years - if you have paid attention to the Feds own publications you can see where things are headed.
I hope I am wrong, I really do. I hope all of the other people who have been watching this happen who know what they're talking about are wrong.
As cambob76 said a few comments above this one, the circumstances we are in now are so different from any we have even been in before.
I juswt did a quick search and found this guy's site - it does a pretty good job of breaking things down. It isn't perfect and doesn;t cover everything, but it is easy to understand if you have not even been exposed to the true state of the US economy.
http://www.markswatson.com/Depression1.html - form3hide, on 04/15/2008, -0/+8Rising food prices? Thousands of jobs have been lost in the last few months?
- regeya, on 04/15/2008, -3/+10The only 'dumb *****' are the people who think we already voted for President...
- drayzin, on 04/15/2008, -0/+7Unfortunately I'm sure quite a few people have that viewpoint. That's what I call Bush's 33% approval rating.
- InvaderDem, on 04/15/2008, -0/+6Living in Michigan, everywhere I look I see job layoffs, raising gas and grocery prices and houses for sale. I'm no economist and maybe even my comments on how to somewhat fix our "recession" problem won't work or be legit. But I agree with you 100% when you say that it's going to get much worse.
- Y0tsuya, on 04/15/2008, -0/+6I see it as a suckers rally where investors have a final chance to unload before more capitulation. I'm buying ultrashort ETFs. This isn't over yet. The mortgage mess will drag on for a few more years.
- InvaderDem, on 04/15/2008, -1/+7There are two big factors that could easily fix this problem. First, pull out of Iraq. Why in the hell are we STILL there? No one agrees with me when I say we just need to take care of ourselves. Some will say that if we leave Iraq we leave ourselves open for another attack ... well, if we work on helping ourselves, we can have some increased security to make sure there isn't another 9/11. Instead of investing money in a war that's lasted too long, we need to invest money into helping us during these "hard times."
I also love how everyone reports losses, but gas companies report billion dollar profits. I don't buy any ***** that the gas companies tell us. When they are making billions in profits, they CAN afford to lower gas prices. If you drop gas back down to $1 to $1.50, then more people are going to have more money in their pockets which we can further invest in the economy, and the price of groceries won't go up because trucks won't pay $700 to fill up their gas tanks to last them a few days. But as long as those bigwigs at the gas companies can take their families out and spend hundreds on a nice dinner - I guess everything is okay.
I'll tell you one thing - I'm glad I'm getting out of some of my debt in the next few months. - orbit1979, on 04/16/2008, -0/+6You are getting punished for saving because it is your duty to spend. What you are doing is treasonous and an act of terror! Never forget, NEVER FORGET! George W. Bush TOLD you it is your DUTY, indeed all of our duty to buy *****.
- inactive, on 04/15/2008, -6/+12Perhaps no one is at the gay bars Sega4Life
- gravityboard, on 04/15/2008, -0/+6Wish we could say the same for the country as a whole. I heard a new term for the occupation today: it's the first "credit card war". Because the cost is passed to our children. What an appropriate name...
- CiXeL, on 04/15/2008, -5/+10or maybe the fact that miami beach bouncers beat the crap out of tourists for not paying made-up charges and word has finally gotten out.
- AJoseph, on 04/15/2008, -0/+5Government to you: If you're not spending, then you're part of the problem.
- cambob76, on 04/15/2008, -1/+6It's going to get much worse. The government and media will piss on you and tell you it's raining as long as they can. The circumstances are nothing like the past so don't say we'll get through this just like before. If you are convinced I'm wrong, I won't argue. I'll be the one who isn't surprised.
- laserblazer, on 04/15/2008, -10/+15It's really a depression, and it was caused by rampant insider-trading, lobbyists and traitors like Bush and his masters.
- zombird, on 04/15/2008, -0/+5Here we go with the useful comments.
- yodaj007, on 04/15/2008, -0/+5To be honest, I won't say if we've hit the bottom or not until one year into the next Presidents term, *especially* if the next President is a democrat. I truly believe that not only have the neo-cons ***** us over, but they've seen to it that the end comes during the next term. Make that democrat look like he damned the economy. Understand what I'm trying to say? I think all Bush's activity has been one big setup to take the next democrat down hard.
- ethanpack, on 04/15/2008, -3/+8If you don't have complete job security in a "recession proof" industry, you might end up that way unfortunately...
- Carv, on 04/15/2008, -1/+6Let's see...
Value of US dollar: Down.
Unemployment: Up - rapidly.
Home Foreclosure Rate: Up.
Just a start... - LeePeyton, on 04/15/2008, -0/+5That kind of mentality kept the economy going. It's when we stop spending that a Black Monday happens.
Have no fear, buy buy buy. LOL - truthseeker69, on 04/15/2008, -0/+5Yeah....Today. i got a feeling people in the 1930's soup lines said something similar.
- GideonCDingle, on 04/16/2008, -0/+41.Keep doing the same losing things and hope for a different result. Brilliant!
- netdance, on 04/16/2008, -0/+4Any day is a great day to get married, as long as you think you can stand your SO for the next 50 years.
Every day is a crappy day to buy an SUV, though.
And it's still a bad time to buy a house - unless you like throwing money away - prices are going to fall another 10%, minimum, in most of the country and in some places, 40% more.
As for kids... they're the reason you make money in the first place, so it's kind hard to do an ROI on them. - GRANDPAMUNSTER, on 06/11/2009, -0/+4I have been buying more beer. Local brews if possible.
- ASeventhSign, on 04/15/2008, -0/+4You've been selected for our new Platinum Gold Exclusive Card!
- LeePeyton, on 04/15/2008, -1/+5LMAO. At the end of the day no one really knows so everyone does right? LOL
- jdavid, on 04/15/2008, -0/+4our economy is a credit based economy. interest rates in japan have been at .5% since their last recession, and they are still a cash economy.
- LeePeyton, on 04/15/2008, -0/+4It's possible.
- CiXeL, on 04/15/2008, -0/+4drink alcohol on an empty stomach before you eat anything. makes it go alot further. giving blood or going on atkins helps too.
- andy314159pi, on 04/15/2008, -4/+8Globalization has just been the importation of poverty from abroad.
- Look4Truth, on 04/15/2008, -2/+6Are you tired of being frogs in water yet? The establishment lies over and over until the masses believe it.
- Indierocka, on 04/15/2008, -0/+4Then go bury your head in the sand and let the adults talk
- inactive, on 04/15/2008, -0/+4We are cashed based economy. Allot of people just don't want to use actual cash. When will people learn? Are Americans destined to live same mistakes over and over? It happened during former President Clinton's term, and now President Bush's term.
- NTolerance, on 04/15/2008, -0/+4UPS makes a killing shipping Xbox 360 coffins around.
- exscind, on 04/15/2008, -1/+4You guys have the right idea. There are a lot of really good buys on the stock market right now which will pay off in the future.
- 55mph, on 04/16/2008, -0/+3moxley, you are on the money. From an investors perspective, if people can find some money and invest it in gold and or silver, they should be able to preserve most of their buying power. For the past 4 years that strategy has worked beautifully. Gamco Gold at Fidelity is good fund of companies in the Gold and Silver mining business. Hope for the best. Plan for the worst.
- inactive, on 04/15/2008, -2/+5Printing money doesn't lead to a recession, it leads to run away inflation. That's hardly an issue these days. You young whelps were around when Carter had us mired deep in Stag-flation. Now that was fun.
South Florida is hardly the economic indicator for the nation. Bunch of snow birds and coke addicts. -
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