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Old 12-01-2008, 12:43 PM   #1
BAMAPHIN 22
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It's official: Recession since Dec. '07


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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
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Old 12-01-2008, 03:44 PM   #2
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I like how they've known all year and waited to tell us what we already pretty much knew.
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Old 12-01-2008, 04:23 PM   #3
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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?
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Old 12-01-2008, 04:29 PM   #4
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But the fundamentals are good.
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Old 12-01-2008, 04:40 PM   #5
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well, at least people arent jumping to their deaths on wall street


isn't that a good thing?
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Old 12-01-2008, 04:47 PM   #6
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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.
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Old 12-01-2008, 07:10 PM   #7
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Damn you and conspiracy theories man
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Old 12-01-2008, 07:21 PM   #8
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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.
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Old 12-04-2008, 09:52 PM   #9
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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....
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Old 12-04-2008, 10:42 PM   #10
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But the fundamentals are good.
can you tell me now what the fundamentals are the fundamentals not the economy.
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Old 12-04-2008, 11:20 PM   #11
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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.
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Old 12-05-2008, 09:56 AM   #12
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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
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