Two consecutive quarters of negative growth. Hasn't happened yet.IRONCHEF wrote:
What exactly is a recession...by definition, and in context with the yea and nay sayers?
I for one, believe our "economic condition and world standing" is worsening..and will at least until the beginning of 2009.
My thought is the same as always - concentrate on what's in front of you and work the problem.ATG wrote:
How about gas food prices sky rocketing while the dollars value goes to shit and more and more people join the illegal aliens in the underground economy?
Things are fucking peachy.
An overly simplistic definition at best.FEOS wrote:
Two consecutive quarters of negative growth. Hasn't happened yet.IRONCHEF wrote:
What exactly is a recession...by definition, and in context with the yea and nay sayers?
I for one, believe our "economic condition and world standing" is worsening..and will at least until the beginning of 2009.
http://www.nber.org/cycles/recessions.htmlThe NBER does not define a recession in terms of two consecutive quarters of decline in real GDP.
A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough. Between trough and peak, the economy is in an expansion. Expansion is the normal state of the economy; most recessions are brief and they have been rare in recent decades.
.KEN-JENNINGS wrote:
An overly simplistic definition at best.FEOS wrote:
Two consecutive quarters of negative growth. Hasn't happened yet.IRONCHEF wrote:
What exactly is a recession...by definition, and in context with the yea and nay sayers?
I for one, believe our "economic condition and world standing" is worsening..and will at least until the beginning of 2009.http://www.nber.org/cycles/recessions.htmlThe NBER does not define a recession in terms of two consecutive quarters of decline in real GDP.
A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough. Between trough and peak, the economy is in an expansion. Expansion is the normal state of the economy; most recessions are brief and they have been rare in recent decades.
But as an American we are burdened with the task of needlessly driving around in circles polluting the atmosphere.KILLSWITCH wrote:
You're complaining about 'Gas' prices rising?? Don't make me laugh, Christ I would kill for your petrol prices
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In London you're burdened with leaving your motor on, on the biggest parking lot of Europe... The M25Kmarion wrote:
But as an American we are burdened with the task of needlessly driving around in circles polluting the atmosphere.KILLSWITCH wrote:
You're complaining about 'Gas' prices rising?? Don't make me laugh, Christ I would kill for your petrol prices
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From killing to health care.....................how fitting.GunSlinger OIF II wrote:
recession smession. Ive got job security. And the new job Im getting is in the health industry.
Last edited by CameronPoe (2008-03-13 05:30:47)
If you're going to be in the DC area, PM me. I'd be glad to let you buy me a beer.CameronPoe wrote:
I'm coming to America this satruday with a loaded wallet. I'm on a mission to save your economy.
lol. NYC actually. Next time.FEOS wrote:
If you're going to be in the DC area, PM me. I'd be glad to let you buy me a beer.CameronPoe wrote:
I'm coming to America this satruday with a loaded wallet. I'm on a mission to save your economy.
Not srsly the strip clubs will be ok trust meCameronPoe wrote:
I'm coming to America this satruday with a loaded wallet. I'm on a mission to save your economy.