Thread: What recession?

Originally Posted by michaelr

Foreclosures have been increasing every month, July is no different.

Home foreclosure filings up 55 percent in July

I am real glad there is no recession.

The actual numbers indicate that there is not a recession. Though if we were to be accurate we would have to say that we cannot know the numbers until after they have all been collected, or until after the recession has been in effect for three quarters. So far we are not in a recession and the growth of the economy while poor is not low enough for it to be recession.

But let's look at some background. There are lots of recessions - I think the figure is that there is a recession every 11 years. Recessions by definition are minor (as opposed to depressions). They happen in all sorts of presidencies and have much less to do with who is president than they do with market forces that no one understands enough to manipulate.

The reason people are talking about recession recession recession is because they have one motive - to malign this President.

I would think that you, Michael, would not get drawn in to exaggerations about the negatives of our economy that are for political purposes.

Originally Posted by anonnymous

If there is no recession what numbers do you have to back up your assertion?

my pocketbook

Originally Posted by Kanadesaga

my pocketbook

Well count your dollars and multiply it by .4 and thats the value as opposed to year 2000 values.

Originally Posted by michaelr

Well count your dollars and multiply it by .4 and thats the value as opposed to year 2000 values.

that's ok since I made about 44% in 2000 of what I will make in 2008.

Originally Posted by Kanadesaga

that's ok since I made about 44% in 2000 of what I will make in 2008.

Well that is not what happened to the average American, most make less now and their money goes nowhere, savings are at just about at an all time low.

Originally Posted by michaelr

Foreclosures have been increasing every month, July is no different.

Home foreclosure filings up 55 percent in July

I am real glad there is no recession.

People made stupid decisions about buying a house and now those house are being dumped on the market which can effect that industry, building products, appliances etc., and that can effect the economy overall but so far the economy has been strong enough to bear the burden.

Originally Posted by michaelr

Well count your dollars....

You mean the ones that are growing in value?

Originally Posted by Stinger

You mean the ones that are growing in value?

No silly, the real dollar.

ABC News: Why is the Dollar Losing Value?

Originally Posted by Stinger

You mean the ones that are growing in value?

Well I could do that blind folded, .....the answer is coming......zero. Well that sums that up nicely.

Originally Posted by michaelr

Well I could do that blind folded, .....the answer is coming......zero. Well that sums that up nicely.

Dollar up 5 weeks in a row, trade deficit decreasing, oil dropping, market holding...................

What recession?