U.S. recession began in December 2007, NBER says, page 1
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Topic started on 1-12-2008 @ 11:31 AM by HunkaHunka

U.S. recession began in December 2007, NBER says


www.marketwatch .com
WASHINGTON (MarketWatch) -- The U.S. economy entered a recession in December 2007, a committee of economists at the private National Bureau of Economic Research said Monday. The economy reached a peak in December and has been declining since, according to the business cycle dating committee of the NBER. The committee does not judge a recession as two consecutive quarterly declines in gross domestic product; rather, it looks at four key monthly economic indicators, including employment, industrial output and sales. Employment peaked in December
(visit the link for the full news article)


reply posted on 1-12-2008 @ 01:12 PM by dariousg
reply to post by HunkaHunka




Yes, many of us have been saying that we are in a recession while the nay sayers were providing all of the 'data' showing that a recession is when such and such happens and that hasn't happened.

Then, 2 weeks ago, I see a report stating that we started our recession in April of this year and should expect it to last 15 months. Well, now it's December of last year! Still last 15 months?

It's all a money game for these idiots anyway. The extremely wealthy pull the strings and make the people dance to their tune while they laugh. It's a pathetic joke and the Federal Reserve is at the crux of the whole problem.



reply posted on 1-12-2008 @ 01:34 PM by marg6043
reply to post by HunkaHunka



He is wrong the recession started officially during the first wave of housing crisis in the summer of 2007.


reply posted on 1-12-2008 @ 03:02 PM by computerwiz32
reply to post by HunkaHunka



Ya, I saw this... I was about to post it but thought to search to see if anyone has already. Which they did.

I keep telling my friends and family that we are in a recession.

serious. I seen soo many economics special dudes on the cnn, and fox news saying we are not in one . Now we need to take these news articles that proves we were and shove it down those economists throats that said no we are not in a recession.

I mean I knew it all along. yet I took a college class and out professor which was teaching use economics since I have to take the class. He told us to our face that we are not in a recessions.

seriously I just want to print out this article and make that professor to eat this article. This shows how ignorant most people are.

on black Friday.. they said we had a 3% more sales gain since last year.

this shows people are stupid... why spend money when you know you could lose your job.

I live in Michigan and our economy here is the worst compared to any state. We have the highest unemployment rate.

Yet people here including my friend went out on friday and spend over like 500 bucks buying name branded clothes.

Which are like 50 bucks a shirt or pants ect.

We need a permanent framing of this article on ATS have it on the home page.

This was a huge argument and If you knew were were in a ressions then clap your hand cuz you are way better then most economist and you should be able to take there jobs.

This confirms we been in one for a year. I want to see what bush say's.

Since he keeps saying oh our economy is strong... then later when our stock market crashed. Oh our economy is just slowing down. We need a bail out to fix this.

We take the bail out.... now where is the fix??? haha.

I belive ron paul more then what comes out of bushes mouth.


Nice find. I also want this to be framed or put somewhere on ATS since this was golden found.

Some here on ATS knew we were in one. This is the victory for those who knew we were in a recession. I would love to see what the economists have to say on cnn or fox news.

I will get a kick out of hearing there excuses why they thought we were not in a ressions.

[edit on 1-12-2008 by computerwiz32]


reply posted on 1-12-2008 @ 03:21 PM by computerwiz32
reply to post by marg6043



No, It started in dec of 2007. The housing market was an after effect. The house market problem in the summer of 2007 didn't start the recession. Something had to happen before that time to cause the house market to get hurt.

A recession is when the countries GDP goes in reverse. Meaning that instead of growing it started to decline.

but has to decline to a certaint percentage to make a offical statment that we are in a recession.

So we really were in a recession since december of 2007.

but it wasn't noticeable in december of 2007 until the summer of 2007 when the housing market took a plung.

hope this helps.


reply posted on 1-12-2008 @ 03:30 PM by computerwiz32
reply to post by Moonsouljah



well, there is consparicies about the economic meltdown. Some think it was done on purpose. So the builder burge can force North American Union on us. So we will be in a situation that we will think that ya a North American Union will be for the best since our economy crashed.

You have to destroy a economy to build a new economy. Some say that obama will top this off.

Since his slogan is CHANGE what does he mean by that???? change as in American history the first black man as a president???

change as in that he wants to turn around this country to make it better???

or change meaning he wants to do a make over??? meaning create a NORTH AMERICAN UNION and change alot aspects that would turn this country into a police state.

So I mean I personally think that it was done on purpose. I don't see how we can have people that are stupid enough to think we are not in a recession. I think the top people who spread around the brainwashing tech. They have some type of plans.

I personally do think builder burge won the battle. I think North American Union is coming up soon.

Otherwise why are they bringing back some U.S troops to prepair for some situation that will lie ahead.

I mean they knew once they destroy the consitution that many people will be upset. So they need to gain control. Once they got that we are done. Game Over.

Well, hope this gives some idea on what could be the reason why our economy got this bad.


reply posted on 1-12-2008 @ 03:42 PM by Maxmars
reply to post by computerwiz32



Do you think all of our 'elected' leaders will vanish into the FEMA "Continuation of Government" underground facilities, protected by the thousands of combat troops being brought in for 'peace keeping and law enforcement help' despite posse commitatus?

Do you think the 'elected leaders' know about the end-game and are simply waiting for the right moment to make their move?

Is it possible that a 'list of favored persons' exists to ensure their safety and comfort?

I hate the possibility that any of the above could be true. But it would be naive to think that it is out of the realm of possibility.


reply posted on 1-12-2008 @ 04:15 PM by computerwiz32
reply to post by Maxmars



Well, yes... but it's only my opinion.

If you really look logicly. Why is our economy is crashing. Yet they say a bail out will help. Yet Ron Paul yells it will make it worst.

The problem is we are spending too much ..... well bush really spent alot on the war. Bush Spend our money the most compared to any presidsent which is a fact.

This was the reason our economy crashed because less money was flowling around the U.S

So we have to fix the gap....well we have to makeup what bush spent for the war. That is the only way to fix the economy but that is not the only problem. Bush signed in a law that allowed american companies to go into other countries.

this is how GM went into china and making millions in profits. So now gm is asking for a bail out from the U.S and also Canada. Yet they are making millions in China.

what I think is that builder burge is getting the world ready.

They are controlling economies of the world which includes us.

They want one currency for the world. However it will take time to get to that point.

they want to make use have the North American Union and accept the ameros.

once they got all the unions then they will work on how to merge all these unions as one.

currently the economy you see today. It's because they want to make every country have the same economy or at least to be equal with money currency.

they want 1 amero to equal one euro etc.

The reason is they allowed U.S companies to go to other companies to invest in other countries usally poor coutnries like china india.

Now you notice they are developing. The builder burge wants to bring those areas up to a point were they can compete with america. The reason why is that they plan to form one world order.

So other countries if you really look are slowly merging into american culture.

Just look at india they are now profiting so much that poor people can afford cellphones. Yet in the U.S not all people can afford it.

I am just saying that the builderburg wants the world to be as one. Meanig we will have the same education and wages as another. The wages will be enough just so you can live. Not enough to enjoy life.

So this economic situation is just the beginning and this will take years to do.

But it's right now to a point if you really look at why bush allowed american companies to go to other countries.. why???

I mean those companies will invest into other countries and will help bring up poor countries but yet the companies do it thinking hey it's cheap labor.

All I am saying there is more then what meets the eye. Meaning there is always something more too it. You will never find out how deep the hole is.

Unless your inside that hole. You know what I mean. I am just saying you will know more about what is happening when you are involved with the people who are the ones involved with those siutaitons.
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