Six66Mike
Posting Freak
Posts: 3090
Registered: 11-20-2003
Location: Queensland Australia
Member Is Offline
Mood: Dead Hearts
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Finally they ADMIT to it (RECESSION INDEED)
Most of us have known and been calling it all year long. The US is in a recession. NBER finally made it official today, admitting the US is in, and
in fact HAS been in a recession for the past year.
They have known about the recession all year long. They held out on telling people that yes it's a recession, while giving billions to dodgy
corporations and talking up the economy.
I'm pretty pissed, this news should have come out last year when Bush still had a year in office, not in his last month.
This is fucked.
A lot of people ask me what kind of music I like. I love "soul music". My "soul music" isn’t a style, genre or niche. It’s music that is genuine. It’s
a painful lyric, a dirty bassline, it’s a harrowing vocal, it’s feedback, it’s an anthem, it’s a love song, it’s anarchy. I’ve got my personal
favourites but in the end it doesn’t matter who or where it comes from... so long as it’s good and it's real.
- Paul Morris, music director at 97.7 HTZ-FM
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BDx13
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cue 8% drop of the DOW, 9% of the NASDAQ.
asia is down 5-6% today (tomorrow, whatever), which means the US markets probably will be again in the morning.
wild shit.
If I fail math, there goes my chance at a good job and a happy life full of hard work.
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MarkV
Senior Member
Posts: 728
Registered: 9-16-2008
Member Is Offline
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I agree. But I also don't blame Bush for the lack of notice.
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Six66Mike
Posting Freak
Posts: 3090
Registered: 11-20-2003
Location: Queensland Australia
Member Is Offline
Mood: Dead Hearts
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Yeah news here said they started dipping already and today will be worse. Aussie markets dropped by de facto despite 1% interest rate cut and other
decent economic news this week locally.
A lot of people ask me what kind of music I like. I love "soul music". My "soul music" isn’t a style, genre or niche. It’s music that is genuine. It’s
a painful lyric, a dirty bassline, it’s a harrowing vocal, it’s feedback, it’s an anthem, it’s a love song, it’s anarchy. I’ve got my personal
favourites but in the end it doesn’t matter who or where it comes from... so long as it’s good and it's real.
- Paul Morris, music director at 97.7 HTZ-FM
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