BF2S Forums the economic situation

The "Recession" has been over for a long time now. We've stopped plummeting and are in a sort of limbo financially. Jobs are starting to show signs of life, and the EU/euro is probably f'd enough that the dollar will soon be restored to its former glory.

Woops, you're in England. Can't help you buddy. Although on the bright side the EU might implode and you guys can rule Europe or something like that.

Last edited by Yellowman03 (2010-03-11 19:35:45)

Yellowman03 wrote:

The "Recession" has been over for a long time now. We've stopped plummeting and are in a sort of limbo financially. Jobs are starting to show signs of life, and the EU/euro is probably f'd enough that the dollar will soon be restored to its former glory.

Woops, you're in England. Can't help you buddy. Although on the bright side the EU might implode and you guys can rule Europe or something like that.

Thank, but we are not asking a report from the planet Xenon.


The economy is currently teetering on ruin or recovery.
As JG said, flip a coin.

ATG wrote:

Yellowman03 wrote:

The "Recession" has been over for a long time now. We've stopped plummeting and are in a sort of limbo financially. Jobs are starting to show signs of life, and the EU/euro is probably f'd enough that the dollar will soon be restored to its former glory.

Woops, you're in England. Can't help you buddy. Although on the bright side the EU might implode and you guys can rule Europe or something like that.

Thank, but we are not asking a report from the planet Xenon.


The economy is currently teetering on ruin or recovery.
As JG said, flip a coin.

"limbo"

Markets are bubbling again in some part because countries are being squeezed into austerity measures. Rising commodities will take money out of the consumer economy which means that a consumer driven recovery is not likely. And without the consumer spending unemployment is unlikely to rebound. And the housing market will not recover until 2015.

Truthfully, we won't see a recovery until one of two things happens
1. the economy deflates to the point where goods, services and property align with real incomes and if that happens you can kiss the bad banks bye bye OR
2. real incomes rise which won't happen in a high unemployment environment with external pressures for austerity programs.

Without either of those people will just be driven like cattle back to the credit trap.... because you know that's why the recession occurred in the first place.... we had stagnant incomes, and the rise in GDP was driven by excessive credit backed by the peoples equity in their houses. When the housing buble burst, people couldn't buy anymore shit because there was no credit available, because there was no credit to support bubble prices in things like commodities we saw the drop in gasoline prices, then the whole thing collapsed back to reality. But then the govt can running in to put a bunch of money in to reflate the economy... ie monetize the debt by taking private liabilities and securing them with tax money which we will have to pay later which means higher taxes and higher taxes takes real money made through wages are going to be taken out of the economy because as far as I know the govt doesn't take credit cards for payment of taxes and that should tell you a lot about what the govt thinks of the use of credit cards to pay you bills.

Now that being said, the recession could appear to end if the economy gets reflated and people start to get free flowing credit to make up for the low incomes... in which case we will get another bubble and crash.... but it would be great if the corrupt pos in Congress fixed the problem now instead leaving it till the next time. If the economy appears to pull out this year or next, then its BS recovery based on credit and not on any thing real like rising production or rising real incomes. Which means we will get another crash. If you want an analogy its like a bloated jumbo jet trying to take off with its flaps retracted, you get a lot of push for it to happen but if the flaps are retracted you won't get enough lift so you rise up a little and then plough into the ground. IMO that's where we are headed... it will look really good until reality hits.

Shh. Clearly when they said the economic situation they mean't America

DrunkFace wrote:

Little BaBy JESUS wrote:

Shh. Clearly when they said the economic situation they mean't America

Ohh shit, forgot they don't know other countries actually exist.

Lol.

Taiwan Exports went up 18% this year =/ Jesus fucking christ thank god for ATI