Recession has arrived

[forestal]

In other news Bush re-iterated his 'upbeatness' about the great state of the economy....

BBC NEWS | Business | Recession in the US 'has arrived'

Recession in the US 'has arrived'
The feared recession in the US economy has already arrived, according to a report from Merrill Lynch. It said that Friday's employment report, which sent shares tumbling worldwide, confirmed that the US is in the first month of a recession.
Its view is controversial, with banks such as Lehman Brothers disagreeing.
But a reserve member of the committee that sets US rates warned that it could do little about the below-trend growth expected in the next six months.

Merrill Lynch said that the figures showing the jobless rate hitting 5% in December were the final piece in that puzzle.
"According to our analysis, this isn't even a forecast any more but is a present day reality," the report said.



<img src="http://cagle.msnbc.com/news/BushEconomy/economyBUSH/thompson.jpg"/>

 

[forestal]

<img src="http://www.ndol.org/upload_graphics/BP29_economy_chart1.jpg"/>

 

[Pete]

Does this mean you are moving to France?

 

[toppick08]

Does this mean you are moving to France?

 

[forestal]

No, it means I'm investing outside of this country until the next Democrat gets a chance to fix the mess that eight years of C Student presidentin' have made.


But that's pretty much the difference between progressives and conservatives. Progressives love their country and will work to fix the problems.

Conservatives would rather bail when it comes to dealing with problems.

Does this mean you are moving to France?

 

[ImnoMensa]

I would say we are about due for e recession,but this isnt it. If the Dems get elected in 2008 and they get into raising taxes that should just about ice the cake.

 

[Pete]

No, it means I'm investing outside of this country until the next Democrat gets a chance to fix the mess that eight years of C Student presidentin' have made.


But that's pretty much the difference between progressives and conservatives. Progressives love their country and will work to fix the problems.

Conservatives would rather bail when it comes to dealing with problems.

Why wont you say "Liberal"? They say it in France. :shrug:

 

[AndyMarquisLIVE]

No, it means I'm investing outside of this country until the next Democrat gets a chance to fix the mess that eight years of C Student presidentin' have made.


But that's pretty much the difference between progressives and conservatives. Progressives love their country and will work to fix the problems.

Conservatives would rather bail when it comes to dealing with problems.

Fewl, it's the DemocRATs' fault. The economy didn't start collapsing until the DemocRATs took office.

 

[BadGirl]

I'll tell you what, all jokes, jabs, and puns aside, this is getting serious...

Start watching CNBC's financial channel during the day and you'll realize this storm is moving in like a Cat 5 hurricane...

ANd they all say recovery is coming in the next fiscal year..

WOW this recession SUCKS.. MAYBE get to 5% unemployment.. still single digit inflation, STILL have LOW mortgage and credit rates, STILL in single digits.. it's going to be TERRIBLE.. can't wait until the much touted about recovery gets here in about 8 months!!

 

[Velocity26]

I don't believe we're in or heading to a recession.

 

[RadioPatrol]

No, it means I'm investing outside of this country until the next Democrat gets a chance to fix the mess that eight years of C Student presidentin' have made.


But that's pretty much the difference between progressives and conservatives. Progressives love their country and will work to fix the problems.

Conservatives would rather bail when it comes to dealing with problems.

Hmm you'd better look @ the Federal Reserve (not that it is actually part of the Gob'erment) Frosty .......... the Fed is behind all this, and the central back has done it in 1928 as well pouring million of dollars in to the system ..... then called in all the notes causing the crash of 29. that allowed the largest banks to buy the smaller ones that would not sell ealier, after the small banks were ruined in the crash

 

[RadioPatrol]

ANd they all say recovery is coming in the next fiscal year..

WOW this recession SUCKS.. MAYBE get to 5% unemployment.. still single digit inflation, STILL have LOW mortgage and credit rates, STILL in single digits.. it's going to be TERRIBLE.. can't wait until the much touted about recovery gets here in about 8 months!!

its already here ........... Glen Beck talked about this on Mondays show

 

[BuddyLee]

I would say we are about due for e recession,but this isnt it. If the Dems get elected in 2008 and they get into raising taxes that should just about ice the cake.

That should bode well with my job search.

 

[RadioPatrol]

yeah tell me about it ........

 

[cwo_ghwebb]

I would say we are about due for e recession,but this isnt it. If the Dems get elected in 2008 and they get into raising taxes that should just about ice the cake.

Kinda like Maryland?

 

[AndyMarquisLIVE]

its already here ........... Glen Beck talked about this on Mondays show

That goes without mentioning Shrillary is probably going to get the nod after all. You know the news is going to "woman candidate" "Vote for Hillary"