Its official: The US is in recession, page 1

Its official: The US is in recession

www.--.com

The United States has entered a recession, the head of the San Francisco branch of the Federal Reserve, the nation's central bank, says.

(visit the link for the full news article)

This is the news we have all been expecting and it has finally arrived. The worlds largest economy has entered a dangerous recession-I personally predict a severe recession if not an outright depression. Although only time will tell if this is the to be the case. The sotckmarkets will not react well to this news.

www.--.com
(visit the link for the full news article)

reply to post by mybigunit

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Agreed. I find myself mistrusting what I know, because most everyone says otherwise. I've been screaming recession for the last year and nobody believed me because the media didn't admit it. Morons everywhere! If a year plus of recession has already been underway and after the crash of last week, aren't we actually in a depression as of now? Will it take another year to eighteen months for them to admit what has already begun?

Originally posted by unityemissions
reply to post by mybigunit

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Agreed. I find myself mistrusting what I know, because most everyone says otherwise. I've been screaming recession for the last year and nobody believed me because the media didn't admit it. Morons everywhere! If a year plus of recession has already been underway and after the crash of last week, aren't we actually in a depression as of now? Will it take another year to eighteen months for them to admit what has already begun?

Sad isn't it. All sorts of complex sociological and psychological reasons for that. Blind Freddy could have seen a recession coming-and I too have been screaming recession for the last year ("that's what they all say")
Unfortunately booms tend to favour idiots...and so do recessions. Its the boom bust herd metality-you can't get around it.

reply to post by ModernAcademia

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!Bingo! but the last time I even said the word "Recession" a thread on liberal lies sprouted as the result one week later the markets started to collapse and the thread author disappear.

I tell you you will never catch any of our corrupted politicians using that world before elections.

Right now our wealthiest investors are keeping their wealth oversea until something is done with the corrupted banking institutions that brought the US markets downfall.

That is not good for us because our corporate ruled nation will never clean house and they just going to blame everybody else but themselves and meanwhile in the effort to cover their dirty butts they will keep squandering money that US doesn't have and putting the debt on the American tax payer.

America is becoming very hard place to get by for the American people.

[edit on 15-10-2008 by marg6043]

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