clevohardcore - 4-2-2008 at 03:09 PM
I wonder when they will (if ever)actually say this word.
http://news.yahoo.com/s/ap/20080402/ap_on_bi_ge/bernanke_con...
MyOwnWay - 4-3-2008 at 09:24 AM
They can start with gas prices.
BKT - 4-3-2008 at 12:02 PM
One does not have to admit to a recession for there to be one.
MM.
clevohardcore - 4-3-2008 at 03:42 PM
Apparently they do. It can't be declared a recession without the chair admitting one. Seriously.
Six66Mike - 4-3-2008 at 11:11 PM
"An extended decline in general business activity, typically two consecutive quarters of falling real gross national product."
It's a recession, not officially calling it is simply a facade to try and stop further collapse into depression, but everyone with a brain knows its a
recession.
JawnDiablo - 4-4-2008 at 06:37 AM
shit's been heading downhill for a while.
shouldn't come as a surprise to anyone.
clevohardcore - 4-4-2008 at 09:10 AM
In an economics class I had the instructor mentioned the real defininition of recession like six66mike mentioned but he also added that you can and we
have had a recession such as the definition in the past before. Except that it was never called a actual recession and we quickly moved out of it. So
in fact or in theory it never was a recession since it never had the name or label. However reality dictates that it was. Since no one ever realised
or mentioned it while it was happening then no one paniced or reacted. That was why it was so eay to get out of it.