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Its official: The US is in recession

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posted on Oct, 14 2008 @ 10:14 PM
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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)




posted on Oct, 14 2008 @ 10:14 PM
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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)



posted on Oct, 14 2008 @ 10:17 PM
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This is not news. It was obvious and inevitable.



posted on Oct, 14 2008 @ 10:44 PM
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This is great news... These are great times for people to invest and make millions of dollars.



posted on Oct, 14 2008 @ 10:49 PM
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Originally posted by Grumble
This is not news. It was obvious and inevitable.


Except for with gov talking heads, pie-chart and numbers manipulators guys, and the lamestream media.

According to all these folks the economy has been growing non-stop for the past year.

LOL



posted on Oct, 14 2008 @ 10:52 PM
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Why who does this guy think he is saying this. We havent had 2 quarters of negative growth there is no recession.... sigh.. and that is the talking points of the Republican sheeple. For clear thinkers like myself and others on this thread we have known that we have been in recession for at least a year now. Now where do I send my thanks to the FED for putting us in a recession?



posted on Oct, 14 2008 @ 11:02 PM
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reply to post by mybigunit
 


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?



posted on Oct, 14 2008 @ 11:02 PM
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Originally posted by Grumble
This is not news. It was obvious and inevitable.


I must agree with DimensionalDetective. All we have heard from the "government" is.... Everything is okay and we are on it.

It now seems that they are not on it and all is going downhill at a very fast rate! Don't let the stock market fool you..... Things are not good in this country right now!



posted on Oct, 14 2008 @ 11:05 PM
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So, I guess the year's worth of empirical data finally got around to one of the people who play a vital role in our economy.

Huh.. Go figure..



posted on Oct, 14 2008 @ 11:09 PM
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The way governments have sunk billions of taxpayers money into the financial sector, is nothing short of Criminal on both sides of the pond.



posted on Oct, 14 2008 @ 11:12 PM
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The one issue I have with all of this, is that todays economy is working of a 1920's model.

That just doesnt compute properly.

Anyone can tell you what we are in is much worse than a recession, and its been happening for months.

Im interested to see how the DOW will react,

We had a major buy session Monday, It wobbled Tuesday when people realised they'd either over bought, or the news out of G7 wasnt as good as previously thought.

I dont think 'recession' properly describes just how deep and far spread this greed is going to rott!

Im pretty sure people in tent cities will tell you this is much more than recession.

Im also certain the bankers wont even comment.
I hear some resorts in the Bahama's are out of range



posted on Oct, 14 2008 @ 11:19 PM
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Thanks for being on top of things, Janet!


Anyone even half paying attention and unwilling to lap up the government's every word as tasty gospel over the past year has known we'd entered a recession. A year from now, they'll tell us it's a "moderate to severe" recession, and unless things turn around real quick we'll be told in 2 or 3 years that we're in a "sustained, severe recession."

*sigh*



posted on Oct, 14 2008 @ 11:29 PM
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Originally posted by unityemissions
reply to post by mybigunit
 


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.



posted on Oct, 15 2008 @ 04:10 PM
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posted on Oct, 15 2008 @ 04:38 PM
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Growth hasn't been negative yet. Just because the stocks have been falling doesn't mean we are in a recession. We have been in a bear market. A bear market can result for a variety of reasons, not just a recession. This bear market has CAUSED us to currectly enter into a recession though. It will be defined by the negative growth in the 4th quater of 2008 and the first quater of 2009 as a result of this prolonged bear market in combination with a sudden credit freeze.

edit to add: The downward turn in stocks was an indicator that unless something changed a recession was in the future outlook, as it was. It was not a recession itself though, as many claim to be for some reason.

[edit on 15-10-2008 by grimreaper797]



posted on Oct, 15 2008 @ 04:40 PM
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lies

forget recession

you are entering a depression



posted on Oct, 15 2008 @ 04:50 PM
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reply to post by ModernAcademia
 


!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]



posted on Oct, 15 2008 @ 04:51 PM
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The United States has entered a recession.....and the sky is blue.


Tell us something we don't know already will you?


(Meant for the A holes that release this information...Not to the OP)



posted on Oct, 15 2008 @ 05:03 PM
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Originally posted by marg6043
America is becoming very hard place to get by for the American people.


please, the majority of americans know NOTHING about just getting by. I saw a picture that accurately depicted this statement. Shows a brand new vehicle in some persons driveway, then shows a starving child in a third world country.

We know nothing about struggling to survive, only stuggling to upkeep our high-quality way of life.



posted on Oct, 15 2008 @ 05:05 PM
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AHHHHHHHHH!!!!!!!!!!!!

here we go!



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