It's official: Recession since Dec. '07

BAMAPHIN 22 · 12-01-2008, 12:43 PM

Quote:

The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .

http://money.cnn.com/2008/12/01/news...ion=2008120112

MDFINFAN · 12-01-2008, 03:44 PM

I like how they've known all year and waited to tell us what we already pretty much knew.

X-Pacolypse · 12-01-2008, 04:23 PM

Quote:

The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy.

You think?

phins_4_ever · 12-01-2008, 04:29 PM

But the fundamentals are good.

MoFinz · 12-01-2008, 04:40 PM

well, at least people arent jumping to their deaths on wall street

isn't that a good thing?

phins_4_ever · 12-01-2008, 04:47 PM

Quote:

Originally Posted by MoFinz

well, at least people arent jumping to their deaths on wall street

isn't that a good thing?

Maybe its not published - in the name of national security - and the bodies stored in an undisclosed place.

MoFinz · 12-01-2008, 07:10 PM

Damn you and conspiracy theories man

PhinPhan1227 · 12-01-2008, 07:21 PM

Yeah, but I still don't see us in worse shape than we were in the late '70's. I'm not saying we couldn't get there, but we are still in MUCH better shape right now.

poornate · 12-04-2008, 09:52 PM

I was crapping myself in the late 70's... America has a short memory and this all feels pretty damn bad to me.... Wait until the BK's begin getting filed in January... Then let's see where we are at....

Perfect23 · 12-04-2008, 10:42 PM

Quote:

Originally Posted by phins_4_ever

But the fundamentals are good.

can you tell me now what the fundamentals are the fundamentals not the economy.

WaywardZest · 12-04-2008, 11:20 PM

Quote:

Originally Posted by MoFinz

well, at least people arent jumping to their deaths on wall street

isn't that a good thing?

A teacher actually told me that was a myth. Only one person jumped when the stock market crashed, and he was crazy anyway.

MoFinz · 12-05-2008, 09:56 AM

Quote:

Originally Posted by WaywardZest

A teacher actually told me that was a myth. Only one person jumped when the stock market crashed, and he was crazy anyway.

Your teacher is quite right...but multitudes leaping make for a better metaphor my friend

12-01-2008, 04:40 PM	#5
MoFinz Confuto Arca archa of Silicis Join Date: May 2002 Age: 43 Posts: 3,304 Thanks: 289 Thanked 286 Times in 197 Posts	well, at least people arent jumping to their deaths on wall street isn't that a good thing? __________________ Oh, is this the part where i whip out my "Give A Damn" look for you????

12-01-2008, 07:10 PM	#7
MoFinz Confuto Arca archa of Silicis Join Date: May 2002 Age: 43 Posts: 3,304 Thanks: 289 Thanked 286 Times in 197 Posts	Damn you and conspiracy theories man __________________ Oh, is this the part where i whip out my "Give A Damn" look for you????

12-01-2008, 07:21 PM	#8
PhinPhan1227 No need to fear...Underdog is here!! Join Date: Sep 2002 Location: No matter where I go, there I am. Age: 39 Posts: 13,998 Thanks: 28 Thanked 109 Times in 69 Posts FH Badges Total Awards: 1	Yeah, but I still don't see us in worse shape than we were in the late '70's. I'm not saying we couldn't get there, but we are still in MUCH better shape right now. __________________ - "What do we mean by the defeat of the enemy? Simply the destruction of his forces, whether by death, injury, or any other means -- either completely or enough to make him stop fighting. . . . ."-Carl von Clausewitz-

12-04-2008, 09:52 PM	#9
poornate Opinonated Observer Join Date: Aug 2002 Location: northern virginia Age: 30 Posts: 4,073 Thanks: 89 Thanked 327 Times in 219 Posts	I was crapping myself in the late 70's... America has a short memory and this all feels pretty damn bad to me.... Wait until the BK's begin getting filed in January... Then let's see where we are at.... __________________ I'm afraid of the awful truth of how sweet that life can be........

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12-01-2008, 03:44 PM	#2
MDFINFAN Reach for the Stars Join Date: May 2002 Location: Maryland Age: 5 Posts: 15,857 Thanks: 869 Thanked 452 Times in 328 Posts FH Badges Total Awards: 1	I like how they've known all year and waited to tell us what we already pretty much knew.

12-01-2008, 04:29 PM	#4
phins_4_ever Rookie Join Date: Oct 2008 Posts: 115 Thanks: 22 Thanked 33 Times in 19 Posts	But the fundamentals are good.