Author Topic: You guys know we are officially in a recession right? (Read 6036 times)

abrader · « **on:** March 14, 2008, 09:19:54 PM »

Its hasn't ben formally announced in the media - but check the current value of gold.

1.) How long till we pull out?

2.) what will happen and what markets will transform to survive?

bud · « **Reply #1 on:** March 14, 2008, 09:21:21 PM »

(why isn't there one with ron paul, anway. i know he's a nobody, but still...)

Mandark · « **Reply #2 on:** March 14, 2008, 09:21:57 PM »

We are not.

"Officially" has a meaning. It's not verbal garnish.

CurseoftheGods · « **Reply #3 on:** March 14, 2008, 09:22:31 PM »

Quote from: abrader on March 14, 2008, 09:19:54 PM

Its hasn't ben formally announced in the media - but check the current value of gold.

1.) How long till we pull out?

2.) what will happen and what markets will transform to survive?

abrader · « **Reply #4 on:** March 14, 2008, 09:27:09 PM »

umm I cite the technical criteria in the OP.

abrader · « **Reply #5 on:** March 14, 2008, 09:28:03 PM »

Maybe tomorrow when I come back to the forum you all wont be acting like such fegs.

Candyflip · « **Reply #6 on:** March 14, 2008, 09:29:18 PM »

Mandark · « **Reply #7 on:** March 14, 2008, 09:29:26 PM »

Yeah... what?

Smooth Groove · « **Reply #8 on:** March 14, 2008, 09:29:58 PM »

I just know that doctors don't make as much as they did 10 yrs ago. :'(

MCD · « **Reply #9 on:** March 14, 2008, 09:32:10 PM »

Quote from: Smooth Groove on March 14, 2008, 09:29:58 PM

I just know that doctors don't make as much as they did 10 yrs ago. :'(

they do in lot of countries, like the middle east ones.

abrader · « **Reply #10 on:** March 15, 2008, 05:21:58 AM »

sorry - i had to step out for a bit.

value of usd vs price of gold is the metric i am using to call recession.

TVC15 · « **Reply #11 on:** March 15, 2008, 05:52:32 AM »

Because gold has anything to do with the US economy?

Right now we're just dealing with the fallout of the housing bubble busting. It could very likely end up being a recession, but it's a bit preemptive to say it is one. If the government weren't spread too thin having darkie killing adventures, I think federal intervention could have prevented any nastiness.

Let's also not forget that the economy has been terrible all decade, and the only thing that's kept it looking good was the Weekend at Bernies-esque stock market success of the past decade. For the common people, the economy has only gotten more harsh this decade. If it is a recession, we've probably basically been in it for a bit less than a decade.

Mandark · « **Reply #12 on:** March 15, 2008, 06:27:02 AM »

Quote from: abrader on March 15, 2008, 05:21:58 AM

value of usd vs price of gold is the metric i am using to call recession.

That sentence is so short, but so wrong.

pilonv1 · « **Reply #13 on:** March 15, 2008, 06:27:41 AM »

the AUS$ is great now, please keep your recession going

Kyle · « **Reply #14 on:** March 15, 2008, 06:37:47 AM »

abrader, change thread title to
Al-Qaeda Officially Wins

abrader · « **Reply #15 on:** March 15, 2008, 06:49:44 AM »

Quote from: Mandark on March 15, 2008, 06:27:02 AM

Quote from: abrader on March 15, 2008, 05:21:58 AM
value of usd vs price of gold is the metric i am using to call recession.

That sentence is so short, but so wrong.

ok add the mortgage foreclosure thing.

EDIT: also - watch automation flourish

We will be the NU-INDIA

Cormacaroni · « **Reply #16 on:** March 15, 2008, 07:18:08 AM »

Genghis - I thought a recession IS defined in relative terms. The typical metric is 2 straight quarters of negative GDP growth...so it's always relative to how the economy has been in the year-earlier period.

cloudwalking · « **Reply #17 on:** March 15, 2008, 07:35:39 AM »

swiss franc is worth more than the US dollar now

elektrikluv · « **Reply #18 on:** March 15, 2008, 07:50:21 AM »

British pound (sterling) is soaring in comparison to the US dollar, I need to get my ass to America and do some shopping!

lordmaji · « **Reply #19 on:** March 15, 2008, 01:52:10 PM »

We are living in the "End times" people.

Phoenix Dark · « **Reply #20 on:** March 15, 2008, 01:59:05 PM »

Quote from: Genghis Cohen on March 14, 2008, 09:22:01 PM

A recession hasn't been announced because it is not a relative term. It has to meet a certain criteria to be formalized.

What Mandark said.

.

Ecrofirt · « **Reply #21 on:** March 16, 2008, 07:27:54 PM »

this is a total collapse of the entire US economy.

Howard Alan Treesong · « **Reply #22 on:** March 16, 2008, 07:33:31 PM »

I'm going to Korea tomorrow, just in time to enjoy a record high of the Won against the dollar, just like I enjoyed a record high of the Euro against the dollar last month in Paris.

Mandark · « **Reply #23 on:** March 16, 2008, 07:56:11 PM »

The low dollar's meant to be the one positive factor in all this, since it's boosting the export sector. Sucks to be an American traveler right now, though.

FA: I'm sure the economists have their reasons, and they might even be good ones. I'd just as soon let them keep the term, and use something colloquial like "shitty" to describe stuff like the current situation.

BlackMage · « **Reply #24 on:** March 16, 2008, 08:04:59 PM »

Quote from: pilonv1 on March 15, 2008, 06:27:41 AM

the AUS$ is great now, please keep your recession going

if we go down, we're taking you with us mutha fugga!!!!!

ToxicAdam · « **Reply #25 on:** March 16, 2008, 08:40:31 PM »

If you believe some gaffers, it's going to skip the recession part and go right to a depression.

Mandark · « **Reply #26 on:** March 16, 2008, 08:54:45 PM »

Yeah, those gaffers. What a larf.

Olivia Wilde Homo · « **Reply #27 on:** March 16, 2008, 09:55:16 PM »

Quote from: TVC 15 on March 15, 2008, 05:52:32 AM

Because gold has anything to do with the US economy?

Right now we're just dealing with the fallout of the housing bubble busting. It could very likely end up being a recession, but it's a bit preemptive to say it is one. If the government weren't spread too thin having darkie killing adventures, I think federal intervention could have prevented any nastiness.

Let's also not forget that the economy has been terrible all decade, and the only thing that's kept it looking good was the Weekend at Bernies-esque stock market success of the past decade. For the common people, the economy has only gotten more harsh this decade. If it is a recession, we've probably basically been in it for a bit less than a decade.

I agree with this 100%

Since 2000 or so, the cost of living is shooting upwards and the earnings, adjusting inflation, is either stagnating or sinking for many industries. It is just that the top 1-2% is seeing the lion's share of the wealth. I know they usually do but this decade, it is definitely more disproportioned towards the upper echelon. When food lines are getting longer at shelters but companies make record profits, something is not going right with the trickle down economy that is supposed to be the backbone of Reaganomics. (For the record, I know Reaganomics is a joke)

Nobody really wants to touch these industry captains either because they have people so scared that if they get investigated, we will see Great Depression x 100. We're seeing the return of, what Theodore Roosevelt accurately called them, the wealthy criminal class.

Tauntaun · « **Reply #28 on:** March 17, 2008, 12:07:01 AM »

Quote from: Ecrofirt on March 16, 2008, 07:27:54 PM

this is a total collapse of the entire US economy.

If so I'm gonna form an army and take NY.

drozmight · « **Reply #29 on:** March 17, 2008, 12:24:02 AM »

Quote from: Tauntaun on March 17, 2008, 12:07:01 AM

Quote from: Ecrofirt on March 16, 2008, 07:27:54 PM
this is a total collapse of the entire US economy.

If so I'm gonna form an army and take NY.

I'll take the Seattle-Portland-Tacoma-Vancouver Megopolis and open up trade with you.

Tauntaun · « **Reply #30 on:** March 17, 2008, 12:41:12 AM »

Quote from: drozmight on March 17, 2008, 12:24:02 AM

Quote from: Tauntaun on March 17, 2008, 12:07:01 AM
Quote from: Ecrofirt on March 16, 2008, 07:27:54 PM
this is a total collapse of the entire US economy.

If so I'm gonna form an army and take NY.

I'll take the Seattle-Portland-Tacoma-Vancouver Megopolis and open up trade with you.

SWEET! Our plans unfold, WE ARE UNSTOPPABLE!

FlameOfCallandor · « **Reply #31 on:** March 17, 2008, 12:56:17 AM »

Quote from: The Experiment on March 16, 2008, 09:55:16 PM

Quote from: TVC 15 on March 15, 2008, 05:52:32 AM
Because gold has anything to do with the US economy?

Right now we're just dealing with the fallout of the housing bubble busting. It could very likely end up being a recession, but it's a bit preemptive to say it is one. If the government weren't spread too thin having darkie killing adventures, I think federal intervention could have prevented any nastiness.

Let's also not forget that the economy has been terrible all decade, and the only thing that's kept it looking good was the Weekend at Bernies-esque stock market success of the past decade. For the common people, the economy has only gotten more harsh this decade. If it is a recession, we've probably basically been in it for a bit less than a decade.

Ron Paul addressed all these issues.

I agree with this 100%

Since 2000 or so, the cost of living is shooting upwards and the earnings, adjusting inflation, is either stagnating or sinking for many industries. It is just that the top 1-2% is seeing the lion's share of the wealth. I know they usually do but this decade, it is definitely more disproportioned towards the upper echelon. When food lines are getting longer at shelters but companies make record profits, something is not going right with the trickle down economy that is supposed to be the backbone of Reaganomics. (For the record, I know Reaganomics is a joke)

Nobody really wants to touch these industry captains either because they have people so scared that if they get investigated, we will see Great Depression x 100. We're seeing the return of, what Theodore Roosevelt accurately called them, the wealthy criminal class.

FlameOfCallandor · « **Reply #32 on:** March 17, 2008, 12:56:32 AM »

Ron Paul addressed all those issues.

lordmaji · « **Reply #33 on:** March 17, 2008, 11:46:38 AM »

Quote from: FlameOfCallandor on March 17, 2008, 12:56:32 AM

Ron Paul addressed all those issues.

Ron Paul wont be president.

Eric P · « **Reply #34 on:** March 17, 2008, 11:48:20 AM »

Quote from: lordmaji on March 17, 2008, 11:46:38 AM

Quote from: FlameOfCallandor on March 17, 2008, 12:56:32 AM
Ron Paul addressed all those issues.

Ron Paul wont be president.

sounds like big business is trying to keep the maverick out of the white house

Howard Alan Treesong · « **Reply #35 on:** March 17, 2008, 11:49:24 AM »

Ron Paul should team up with Ben Stein to fight crime.

Eric P · « **Reply #36 on:** March 17, 2008, 11:51:35 AM »

Quote from: Synthesizer Patel on March 17, 2008, 11:49:24 AM

Ron Paul should team up with Ben Stein to fight crime.

or to fight evolution

Mupepe · « **Reply #37 on:** March 17, 2008, 11:52:42 AM »

Quote from: Synthesizer Patel on March 17, 2008, 11:49:24 AM

Ron Paul should let me smell his dick.

Agreed.

Howard Alan Treesong · « **Reply #38 on:** March 17, 2008, 11:53:35 AM »

it's 5 AM and paper money's worthless
let me smell yo dick

Eric P · « **Reply #39 on:** March 17, 2008, 11:53:41 AM »

Quote from: Mupepe on March 17, 2008, 11:52:42 AM

Quote from: Synthesizer Patel on March 17, 2008, 11:49:24 AM
Ron Paul should let me smell his dick.
Agreed.

it would probably smell like auric goldfinger's ass

Howard Alan Treesong · « **Reply #40 on:** March 17, 2008, 11:55:18 AM »

Quote from: Eric P on March 17, 2008, 11:53:41 AM

Quote from: Mupepe on March 17, 2008, 11:52:42 AM
Quote from: Synthesizer Patel on March 17, 2008, 11:49:24 AM
Ron Paul should let me smell his dick.
Agreed.

it would probably smell like auric goldfinger's ass

I have this great idea for a movie about a man who poos gold, I call it Goldpsphincter.

Mupepe · « **Reply #41 on:** March 17, 2008, 11:56:16 AM »

Eric P · « **Reply #42 on:** March 17, 2008, 12:00:12 PM »

Quote from: Synthesizer Patel on March 17, 2008, 11:55:18 AM

Quote from: Eric P on March 17, 2008, 11:53:41 AM
Quote from: Mupepe on March 17, 2008, 11:52:42 AM
Quote from: Synthesizer Patel on March 17, 2008, 11:49:24 AM
Ron Paul should let me smell his dick.
Agreed.

it would probably smell like auric goldfinger's ass

I have this great idea for a movie about a man who poos gold, I call it Goldpsphincter.

i understand that ron paul's first order of business in the white house would be the purchasing, planting and cultivating of magic beans to gain access to the goose that lays golden eggs providing solvency.

abrader · « **Reply #43 on:** March 17, 2008, 07:53:05 PM »

For those who say its not technically a recession - what are your credentials?

abrader · « **Reply #44 on:** March 17, 2008, 08:06:01 PM »

Ok - well I have an MBA and my CFO has a finance degree from University of Chicago.

We both say its technically a recession.

Show some creds or stop sounding like an angry useless teen debating semantics on Wikipedia.

lordmaji · « **Reply #45 on:** March 17, 2008, 08:07:11 PM »

Quote from: abrader on March 17, 2008, 08:06:01 PM

Ok - well I have an MBA and my CFO has a finance degree from University of Chicago.

We both say its technically a recession.

Show some creds or stop sounding like an angry useless teen debating semantics on Wikipedia.

End times... ...end fucking times man.

abrader · « **Reply #46 on:** March 17, 2008, 08:09:37 PM »

All you need are about 4 .50 cal rifles and gear/supplies to live 20 years in a glacier....

the .50 cal rifles will make sure no vehicle made by man on this planet will get near ya.

abrader · « **Reply #47 on:** March 17, 2008, 08:10:29 PM »

I had a dream a few weeks ago that I was camped up in the north pole - I kept shooting heli's out of the sky with my .50's to keep them away from me.

abrader · « **Reply #48 on:** March 17, 2008, 08:13:27 PM »

I think one of the most exciting things someone else in this thread mentioned is that with the falling US dollar - other countries get quite a deal outsourcing projects to the US now.

ALL HAIL NU INDIA!

Fresh Prince · « **Reply #49 on:** March 17, 2008, 08:20:52 PM »

India will still be cheaper than America despite the dollar. Maybe you'll finally get people to buy those god awful cars you make.

abrader · « **Reply #50 on:** March 17, 2008, 09:11:30 PM »

haha I dont make the shitbox GM cars.

I dont buy them either.

AdmiralViscen · « **Reply #51 on:** March 17, 2008, 09:16:19 PM »

I'm not sure

AdmiralViscen · « **Reply #52 on:** March 17, 2008, 09:16:27 PM »

How to feel about this

abrader · « **Reply #53 on:** March 17, 2008, 09:17:21 PM »

You like GM vehicles - tell us how it is

CurseoftheGods · « **Reply #54 on:** March 17, 2008, 10:09:47 PM »

abrader, let your embarrassing thread die please.

Powerslave · « **Reply #55 on:** March 17, 2008, 10:13:39 PM »

AdmiralViscen · « **Reply #56 on:** March 17, 2008, 10:26:15 PM »

I like good vehicles.

abrader · « **Reply #57 on:** March 17, 2008, 10:26:31 PM »

Quote from: CurseoftheGods on March 17, 2008, 10:09:47 PM

abrader, let your embarrassing thread die please.

Here is a fun game - why dont you try to make one OT post?

Reread the original post and respond to #1, #2 or both.

lordmaji · « **Reply #58 on:** March 17, 2008, 10:30:02 PM »

Yep. It's time to invest in guns!

abrader · « **Reply #59 on:** March 17, 2008, 11:00:50 PM »

Quote from: AdmiralViscen on March 17, 2008, 10:26:15 PM

I like good vehicles.

Noone is denying that - but tell us how it is out at GM.

How do they fare in the global auto market? I have no idea.

News:

Author Topic: You guys know we are officially in a recession right? (Read 6036 times)