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Post by Vypernight on Jun 8, 2011 10:51:27 GMT -5
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Post by caseagainstfaith on Jun 8, 2011 16:50:57 GMT -5
Ya, I've read plenty of stories on bloomberg saying since the housing market isn't recovering all that well it could drag us into recession part II. Let alone there is probably other bubbles waiting to burst. Which is one thing I never understood, is it seems like every few years some bubble bursts....can we find a way to keep the soap out of the water? |
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Post by Her3tiK on Jun 8, 2011 16:59:17 GMT -5
Ya, I've read plenty of stories on bloomberg saying since the housing market isn't recovering all that well it could drag us into recession part II. Let alone there is probably other bubbles waiting to burst. Which is one thing I never understood, is it seems like every few years some bubble bursts....can we find a way to keep the soap out of the water? How dare you say that you dirty commie?!? Free market capitalism is perfect. There is absolutely nothing wrong right now that doing the same exact thing for all eternity can't fix. |
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Post by Distind on Jun 8, 2011 17:11:25 GMT -5
My guess is he's aiming more to avoid the flocking stupidity that generally makes a bad situation worse. While I'll admit, the housing market is gratuitously over priced, saying it'll be the end of days because someone loses their ass on a bad investment isn't going to help matters.
I'm considering doing a few comparisons to see just how much housing costs have gone up in relation to salaries in the last fifty years or so, but I haven't had time or inclination to track down the details.
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Post by shadoom2 on Jun 8, 2011 19:19:09 GMT -5
The main thing that helps the markets is confidence, and the President saying that he expects the recovery to fail would be a great way to torpedo whatever confidence still exists. I assumed that the speech was more of a strategy to avoid a new recession rather than an accurate statement of what he believes.
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Post by Paradox on Jun 8, 2011 23:19:52 GMT -5
Another recession? Employment is at least ten percent, maybe closer to twenty. Underemployment is through the roof. I'm not concerned about another recession, I'm concerned about the national emergency that is still going on right now and that shows no signs of letting up. And nobody in Washington is trying to do a damn thing about it. We're fucked.
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Post by Napoleon the Clown on Jun 9, 2011 0:47:53 GMT -5
There are people in Washington trying to do something about it. The problem is, the people on the other side of the political line refuse to fucking work together. Like goddamn children.
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Post by caseagainstfaith on Jun 9, 2011 9:50:04 GMT -5
There are people in Washington trying to do something about it. The problem is, the people on the other side of the political line refuse to fucking work together. Like goddamn children. this +1 |
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Post by anon87311 on Jun 9, 2011 14:42:20 GMT -5
There are people in Washington trying to do something about it. The problem is, the people on the other side of the political line refuse to fucking work together. Like goddamn children. this +1 seconding that. |
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Post by Vypernight on Jun 10, 2011 10:04:06 GMT -5
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Post by caseagainstfaith on Jun 10, 2011 10:38:49 GMT -5
True, if one thing humans seem to be good at is making self-fulfilling prophecy happen. |
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Post by Hyperio on Jun 10, 2011 12:46:32 GMT -5
The recession is still going on for the most of the citizens of the USA, especially a big group of unemployed. And the Republicans (+Democrats that do nothing about it) do everything to make it a permanent situation.  Calling a cash grab (tax cuts for the richest) and bail-outs for large corporations (that sometimes do not pay any taxes) a policy of "fiscal responsibility" seems to be the running joke of the current political elite. |
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Post by Dragon Zachski on Jun 10, 2011 14:11:42 GMT -5
My father's salary is still severely behind inflation.
As far as I'm concerned, the recession is STILL going on, just to a lesser degree.
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Post by Vene on Jun 10, 2011 14:18:17 GMT -5
My father's salary is still severely behind inflation. As far as I'm concerned, the recession is STILL going on, just to a lesser degree. That has nothing to do with the definition of a recession. It's bad, and a sign of economic decline, but not actually a recession. A recession is defined as two successive quarters of GDP falling. If it plateaus or increases even a small amount, it's no longer a recession. |
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Post by Old Viking on Jun 10, 2011 14:19:35 GMT -5
Same recession. It's in a placid stage now. Look for it to get really mean in the next few years. (In economics this is called "chickens coming home to roost.")
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