MrJayremmie
Well-Known Member
- Joined
- Oct 15, 2008
- Messages
- 3,438
- Likes
- 27
- Points
- 48
Economy grows in 3Q, signals end of recession
- Thread starter MrJayremmie
- Start date
Welcome to our community
Be a part of something great, join today!
BLAZER PROPHET
Well-Known Member
- Joined
- Sep 15, 2008
- Messages
- 18,725
- Likes
- 191
- Points
- 63
Good news!
I hope it wasn't reported by the same government people who reported about how many jobs were created with the stimulus money.
I hope it wasn't reported by the same government people who reported about how many jobs were created with the stimulus money.
yakbladder
Grunt Third Class
- Joined
- Sep 17, 2008
- Messages
- 1,534
- Likes
- 20
- Points
- 38
It probably grew due to cash for clunkers... And the ending of the home purchase credit probably spawned some home goods purchases.
BLAZER PROPHET
Well-Known Member
- Joined
- Sep 15, 2008
- Messages
- 18,725
- Likes
- 191
- Points
- 63
Still, any good news is welcome.
maxiep
RIP Dr. Jack
- Joined
- Sep 12, 2008
- Messages
- 28,321
- Likes
- 5,919
- Points
- 113
So we're borrowing stilts to prop up the economy? Pretty soon we're going to have to give the stilts back.
This is going to be a slow, painful, jobless recovery. If you analyze the natural rate of unemployment in countries with socialized countries, it's always several percentage points higher than capitalist systems. We're moving from a natural rate of 4.5%-5.5% to somewhere around 7%-9%. But luckily, we have guv'mint to save us!
This is going to be a slow, painful, jobless recovery. If you analyze the natural rate of unemployment in countries with socialized countries, it's always several percentage points higher than capitalist systems. We're moving from a natural rate of 4.5%-5.5% to somewhere around 7%-9%. But luckily, we have guv'mint to save us!
- Joined
- May 24, 2007
- Messages
- 73,117
- Likes
- 10,950
- Points
- 113
It technically ends the recession. A recession literally being 2 consecutive quarters of negative GDP growth.
It really sucks that the recession was extended for the sake of "never crisis go to waste" to push through outrageous spending and to justify enormous deficits.
There's another more main street definition of recession: "when your neighbor is unemployed, it's a recession; when you're unemployed it's a depression." It's still one hell of a recession.
It really sucks that the recession was extended for the sake of "never crisis go to waste" to push through outrageous spending and to justify enormous deficits.
There's another more main street definition of recession: "when your neighbor is unemployed, it's a recession; when you're unemployed it's a depression." It's still one hell of a recession.
