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12-01-2008, 03:47 PM
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It's official: U.S. is in recession
It's official: U.S. is in recession
Dec. 1: A CNBC panel discusses new data from the National Bureau of Economic Research saying that the current recession actually began in December, 2007.
CNBC
WASHINGTON - The economy fell into recession late last year, according to a panel of economists that is responsible for determining the dates of business cycles.
Monday's declaration by the panel of the National Bureau of Economic Research confirms what many private economists, lawmakers and members of the general public already have assumed and puts an official date on it: A U.S. recession began in December 2007.
www.msn.com
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I'm (sic) not cynical, I just haven't been around long enough to be Jedi mind-tricked by politics as usual. Alas, maybe in a few years I'll be beaten back into the herd. tstew
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12-01-2008, 03:49 PM
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My Family!
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Location: Collierville, TN
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Re: It's official: U.S. is in recession
So it took them a year to make it official?
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Master of Science in Applied Disgruntled Religious Theorist Wrangling
PhD in Petulant Tantrum Quelling
Dean of the School of Hard Knocks
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12-01-2008, 03:58 PM
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Matthew 7:6
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Posts: 4,768
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Re: It's official: U.S. is in recession
Great.
More ammunition for the doom-and-gloom folks among us, I guess.
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http://endtimeobserver.blogspot.com
Daniel 12:3 And those who are wise shall shine like the brightness of the firmament; and those who turn many to righteousness, like the stars for ever.
 I'm T France, and I approved this message.
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12-01-2008, 03:59 PM
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My Family!
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Location: Collierville, TN
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Re: It's official: U.S. is in recession
Quote:
Originally Posted by TRFrance
Great.
More ammunition for the doom-and-gloom folks among us, I guess.
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Charnock has been the King of Gloom!
If it started a year ago, what's new?
__________________
Master of Science in Applied Disgruntled Religious Theorist Wrangling
PhD in Petulant Tantrum Quelling
Dean of the School of Hard Knocks
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12-01-2008, 04:03 PM
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Still Figuring It Out.
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Join Date: Feb 2007
Posts: 10,858
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Re: It's official: U.S. is in recession
Quote:
Originally Posted by TRFrance
Great.
More ammunition for the doom-and-gloom folks among us, I guess.
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More conformation for those who see where we are headed.
The reason it took a year to make it official is because they don't admit these things until they are completely undeniable.
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12-01-2008, 04:27 PM
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Registered Member
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Re: It's official: U.S. is in recession
Quote:
Originally Posted by TRFrance
Great.
More ammunition for the doom-and-gloom folks among us, I guess.
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I love you too, ya big know-it-all.
Bad thing is economists don't see an end in sight.
Merry Christmas!
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I'm (sic) not cynical, I just haven't been around long enough to be Jedi mind-tricked by politics as usual. Alas, maybe in a few years I'll be beaten back into the herd. tstew
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12-01-2008, 04:28 PM
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Re: It's official: U.S. is in recession
Quote:
Originally Posted by rgcraig
Charnock has been the King of Gloom!
If it started a year ago, what's new?
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Oh, by the way, the Dow plunged 680 points today.
Happy Hannukah!
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I'm (sic) not cynical, I just haven't been around long enough to be Jedi mind-tricked by politics as usual. Alas, maybe in a few years I'll be beaten back into the herd. tstew
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12-01-2008, 04:29 PM
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My Family!
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Join Date: Feb 2007
Location: Collierville, TN
Posts: 31,786
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Re: It's official: U.S. is in recession
Quote:
Originally Posted by Charnock
Oh, by the way, the Dow plunged 680 points today.
Happy Hannukah!
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Well, it plunged more than that in the past couple months!
I haven't seen your threads when the Dow rebounds........
__________________
Master of Science in Applied Disgruntled Religious Theorist Wrangling
PhD in Petulant Tantrum Quelling
Dean of the School of Hard Knocks
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12-01-2008, 04:29 PM
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Not riding the train
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Join Date: Mar 2007
Posts: 48,544
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Re: It's official: U.S. is in recession
I don't want to know this!!!!!!! 
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12-01-2008, 04:31 PM
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Registered Member
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Re: It's official: U.S. is in recession
Quote:
Originally Posted by rgcraig
Well, it plunged more than that in the past couple months!
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Are you being negative?
Why didn't you inform me that it was in positive territory all of last week?
That would have been cheerier. 
__________________
I'm (sic) not cynical, I just haven't been around long enough to be Jedi mind-tricked by politics as usual. Alas, maybe in a few years I'll be beaten back into the herd. tstew
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