No recession. My ass

[akarunway 1]

70 B$ worth of work in Vegas. Slowly sutting down. Echelon today. No gamblelers . Gas is to high? You tell me. I'm gonna find a hole in the wall and suck up unemployment for a yr.

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[JohnRich 4]

Vegas is a luxury. When times are hard, people drop luxuries. What happens in Vegas is not necessarily an indicator of what's happening overall.

The press likes to print gloom and doom, but the fact is, America's GDP rose 1.9% last quarter. And according to official definitions, we are NOT in a recession.

[kallend 2,146]

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Vegas is a luxury. When times are hard, people drop luxuries. What happens in Vegas is not necessarily an indicator of what's happening overall.

The press likes to print gloom and doom, but the fact is, America's GDP rose 1.9% last quarter. And according to official definitions, we are NOT in a recession.

The 1.9% is preliminary. Preliminary figures for Oct-Dec 2007 were positive, but the final figures published just last week were negative (-0.2%). In addition, the report may have overestimated economic growth by making a 1.1 percent adjustment for inflation. Unemployment also up according to today's figures. GM has huge losses for the quarter...

...

The only sure way to survive a canopy collision is not to have one.

[lawrocket 3]

Yep. I saw the report. So we are at step one for a recession. What an awesome opportunity this provides for those who wish not to participate in an economic downturn.

My wife is hotter than your wife.

[akarunway 1]

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Vegas is a luxury. When times are hard, people drop luxuries. What happens in Vegas is not necessarily an indicator of what's happening overall.

The press likes to print gloom and doom, but the fact is, America's GDP rose 1.9% last quarter. And according to official definitions, we are NOT in a recession.

Dude get real. I've work const. all my life. I left So Cal cause it dried up there. I check const. websites EVERY day. Drying up everywhere. Fuck the papers. The real deal is it hasn't been this bad since 1981. And this ain't coming from the fucking media.

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[jenfly00 0]

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Vegas is a luxury. When times are hard, people drop luxuries. What happens in Vegas is not necessarily an indicator of what's happening overall.

The press likes to print gloom and doom, but the fact is, America's GDP rose 1.9% last quarter. And according to official definitions, we are NOT in a recession.

Buying a new car is a luxury. Taking a vacation is a luxury. Building your dream house is a luxury. Going to Disney World is a luxury. Landscaping your lawn is a luxury. Buying new kitchen appliances is a luxury. Buying new shoes/clothes is a luxury. Building a new BBQ pit is a luxury.

These are all things I've heard people (this week) say they decided to NOT do due to money being tight. The ripple effect of people not spending this money is affecting many other people who will not spend money they don't have either.

I think it's a pretty good indicator of what's happening overall.

-----------------------
"O brave new world that has such people in it".

[Andrewwhyte 1]

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Dude get real. I've work const. all my life. I left So Cal cause it dried up there. I check const. websites EVERY day. Drying up everywhere. Fuck the papers. The real deal is it hasn't been this bad since 1981. And this ain't coming from the fucking media.

If you are a journeyman tradesman the going rates are 34-42/hr in Alberta. Skilled labour shortages in virtually every town and city in the province. Work visas are easy to get.

[akarunway 1]

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Dude get real. I've work const. all my life. I left So Cal cause it dried up there. I check const. websites EVERY day. Drying up everywhere. Fuck the papers. The real deal is it hasn't been this bad since 1981. And this ain't coming from the fucking media.

If you are a journeyman tradesman the going rates are 34-42/hr in Alberta. Skilled labour shortages in virtually every town and city in the province. Work visas are easy to get.

I was just elected to office in my local union. Trust me. I know where the work is. I can go work the tar sands in Canada if I wish. Might wind up there. Who knows. Thanks tho.

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[kelpdiver 2]

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Dude get real. I've work const. all my life. I left So Cal cause it dried up there. I check const. websites EVERY day. Drying up everywhere. Fuck the papers. The real deal is it hasn't been this bad since 1981. And this ain't coming from the fucking media.

If construction is your primary measure, it's not a recession, it's closer to a depression. But that's not the entire economy. Vegas was a housing super bubble in the midst of a national housing bubble. Are airfares to Vegas up? Driving there is such a pain - a single 2 lane highway from LA.

[akarunway 1]

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Quote

Dude get real. I've work const. all my life. I left So Cal cause it dried up there. I check const. websites EVERY day. Drying up everywhere. Fuck the papers. The real deal is it hasn't been this bad since 1981. And this ain't coming from the fucking media.

If construction is your primary measure, it's not a recession, it's closer to a depression. But that's not the entire economy. Vegas was a housing super bubble in the midst of a national housing bubble. Are airfares to Vegas up? Driving there is such a pain - a single 2 lane highway from LA.

Airfares are way up and it's a SINGLE lane on the way out of So Cal. to Vegas. Will be for a while. Arnold's try to make the asphalt green or something.

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[JohnDeere 0]

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70 B$ worth of work in Vegas. Slowly sutting down. Echelon today. No gamblelers . Gas is to high? You tell me. I'm gonna find a hole in the wall and suck up unemployment for a yr.

By definition we are in no such recession. (when real gross domestic product (GDP) growth is negative for two or more consecutive quarters) I am also in construction. BTW is not just about construction so do some research

Nothing opens like a Deere!

You ignorant fool! Checks are for workers!

[kallend 2,146]

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70 B$ worth of work in Vegas. Slowly sutting down. Echelon today. No gamblelers . Gas is to high? You tell me. I'm gonna find a hole in the wall and suck up unemployment for a yr.

By definition we are in no such recession. (when real gross domestic product (GDP) growth is negative for two or more consecutive quarters) I am also in construction. BTW is not just about construction so do some research

By definition, you do not know what you are talking about.

2 consecutive quarters of GDP contraction is not the only metric for identifying recessions. According to the National Bureau of Economic Research (NBER), a recession is defined as a "significant decline in economic activity spread across the economy, lasting more than a few months."

By their methodology -- and they, not you, are the official arbiters of such things -- this is a recession.

And make up your mind, are you in construction or "enviroment" (sic)?

...

The only sure way to survive a canopy collision is not to have one.

[jcd11235 0]

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And make up your mind, are you in construction or "enviroment" (sic)?

It probably depends on which of the three (or more?) personalities you ask.

Math tutoring available. Only $6! per hour! First lesson: Factorials!

[goofyjumper 0]

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Vegas is a luxury. When times are hard, people drop luxuries. What happens in Vegas is not necessarily an indicator of what's happening overall.

The press likes to print gloom and doom, but the fact is, America's GDP rose 1.9% last quarter. And according to official definitions, we are NOT in a recession.

Wow! How much more in denial can you be?

-----------------
I love and Miss you so much Honey!
Orfun #3 ~ Darla

[kallend 2,146]

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Quote

Vegas is a luxury. When times are hard, people drop luxuries. What happens in Vegas is not necessarily an indicator of what's happening overall.

The press likes to print gloom and doom, but the fact is, America's GDP rose 1.9% last quarter. And according to official definitions, we are NOT in a recession.

Wow! How much more in denial can you be?

"Are you better off now than you were four years ago?", Ronald Reagan

According to the Pew Research Center, the 2008 answer is a resounding "NO".

...

The only sure way to survive a canopy collision is not to have one.

[jcd11235 0]

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"Are you better off now than you were four years ago?", Ronald Reagan

According to the Pew Research Center, the 2008 answer is a resounding "NO".

Wasn't the answer also "No" four years ago?

Math tutoring available. Only $6! per hour! First lesson: Factorials!

[kallend 2,146]

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"Are you better off now than you were four years ago?", Ronald Reagan

According to the Pew Research Center, the 2008 answer is a resounding "NO".

Wasn't the answer also "No" four years ago?

Attached graph. Note that the lowest positive (and highest negative) responses were at the end of Reagan's term, and the end of BushII's term..

Despite his getting a BJ, the highest positive responses were during Clinton's administration.

...

The only sure way to survive a canopy collision is not to have one.

[jcd11235 0]

Quote

Quote

Quote

"Are you better off now than you were four years ago?", Ronald Reagan

According to the Pew Research Center, the 2008 answer is a resounding "NO".

Wasn't the answer also "No" four years ago?

Attached graph. Note that the lowest positive (and highest negative) responses were at the end of Reagan's term, and the end of BushII's term..

Despite his getting a BJ, the highest positive responses were during Clinton's administration.

Also interesting is that the majority of responses were positive in both 1980 and 2000.

Math tutoring available. Only $6! per hour! First lesson: Factorials!

[kelpdiver 2]

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By definition we are in no such recession. (when real gross domestic product (GDP) growth is negative for two or more consecutive quarters) I am also in construction. BTW is not just about construction so do some research

By definition, you do not know what you are talking about.

2 consecutive quarters of GDP contraction is not the only metric for identifying recessions. According to the National Bureau of Economic Research (NBER), a recession is defined as a "significant decline in economic activity spread across the economy, lasting more than a few months."


His definition is the most widely used one, and it doesn't counter with the fuzzier one you provided. And it was only in the past week that a quarter number was revised to just below zero growth.

Nonetheless, as stated before, there is no official arbiter. Everyone votes with their pocket book. So come November, we'll get one answer using yet another different definition.

[kallend 2,146]

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By definition we are in no such recession. (when real gross domestic product (GDP) growth is negative for two or more consecutive quarters) I am also in construction. BTW is not just about construction so do some research

By definition, you do not know what you are talking about.

2 consecutive quarters of GDP contraction is not the only metric for identifying recessions. According to the National Bureau of Economic Research (NBER), a recession is defined as a "significant decline in economic activity spread across the economy, lasting more than a few months."

His definition is the most widely used one, and it doesn't counter with the fuzzier one you provided. And it was only in the past week that a quarter number was revised to just below zero growth.

Nonetheless, as stated before, there is no official arbiter. Everyone votes with their pocket book. So come November, we'll get one answer using yet another different definition.

NBER methodology described.

...

The only sure way to survive a canopy collision is not to have one.

[billvon 3,111]

This whole "it's a recession" "no it's not" "yes it is" is a foolish and meaningless argument. The economy is in a periodic downturn. It will soon recover, as it always does. In general, other than the issue of debt, the government does not have all that much to do with the economy (which is how it should be,)

[goofyjumper 0]

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This whole "it's a recession" "no it's not" "yes it is" is a foolish and meaningless argument. The economy is in a periodic downturn. It will soon recover, as it always does. In general, other than the issue of debt, the government does not have all that much to do with the economy (which is how it should be,)

Ya, it will recover when we get a democrat in office. Just like the the last democrat!

-----------------
I love and Miss you so much Honey!
Orfun #3 ~ Darla

[mnealtx 0]

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This whole "it's a recession" "no it's not" "yes it is" is a foolish and meaningless argument. The economy is in a periodic downturn. It will soon recover, as it always does. In general, other than the issue of debt, the government does not have all that much to do with the economy (which is how it should be,)

Ya, it will recover when we get a democrat in office. Just like the the last democrat!

Speaking of "being in denial"....

Did you read Bill's post at ALL?

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[goofyjumper 0]

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Quote

Quote

This whole "it's a recession" "no it's not" "yes it is" is a foolish and meaningless argument. The economy is in a periodic downturn. It will soon recover, as it always does. In general, other than the issue of debt, the government does not have all that much to do with the economy (which is how it should be,)

Ya, it will recover when we get a democrat in office. Just like the the last democrat!

Speaking of "being in denial"....

Did you read Bill's post at ALL?

No, I am very stupid!

-----------------
I love and Miss you so much Honey!
Orfun #3 ~ Darla

[kelpdiver 2]

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Speaking of "being in denial"....

Did you read Bill's post at ALL?

Did you - he specifically mentioned debt. You can run a deficit for a few years to spurn the economy, but after that, it tends to hurt more than help.