Is the US heading for Recession

Discussion in 'Business & Economics' started by Asguard, Jan 17, 2008.

?

What do you think?

  1. No recession

    18.4%
  2. Us recession, No world recession

    47.4%
  3. US recession, World recession

    34.2%
  1. shichimenshyo Caught in the machine Registered Senior Member

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    5,110
    The poor will end up even more poor, to save money a help their dwindling profits companies will lay off the lowest tier of employees so that the highest paid can still rake in those big paychecks.
     
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  3. spidergoat Liddle' Dick Tater Valued Senior Member

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    Investors in Asia have been in a state of denial about a possible recession in the United States, said Adrian Mowat, JPMorgan’s chief strategist in Asia. But now, he said, “there’s no debate about it.” The only question, he added is “how long and deep” a recession might be. [CNN]
     
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  5. USS Exeter unamerican american Registered Senior Member

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    Stop with this bullshit that the media is liberal controlled. You have no proof that it is. As far as I see it, it is either neutral or leaning towards the right-wing.

    By the way, you don't need to be a liberal to know that Bush is not a good president. His approval ratings are down the drain. his approval ratings are 32% approve and 66% dissapporve (2% have no opinion).

    http://www.washingtonpost.com/wp-dyn/content/custom/2006/02/02/CU2006020201345.html
     
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  7. Carcano Valued Senior Member

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    6,865
    Yes but he answers only to God...remember?

    Cheney's gone on record as saying they dont care what the majority thinks...they answer to a higher moral authority.

    This is how they can bankrupt the country slaughtering over 500,000 people in the middle east...and still feel pretty good about it.
     
  8. USS Exeter unamerican american Registered Senior Member

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    2,482
    That's why liberals usually make better presidents. Seperation from church and state!
     
  9. Michael 歌舞伎 Valued Senior Member

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    20,285
    according to the reports I saw today - apparently yes it will have an impact. How much I wonder?
     
  10. Asguard Kiss my dark side Valued Senior Member

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    yea i saw that, the stock market is taking a beating. $55 millon wiped out this morning alone. Not sure how much that actually matters though, the stock market doesnt always reflect reality. As i said i would LOVE to have spare cash right now to buy some of those stocks, they are so undervalued.
     
  11. Asguard Kiss my dark side Valued Senior Member

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    23,049
    ok i slightly underestimated that

    it was $100 BILLION not million
    its lost $240 billion this year

    Hopefully the problem will stay confined to the stock market and not flow
     
  12. hypewaders Save Changes Registered Senior Member

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    12,061
    Asguard: "Hopefully the problem will stay confined to the stock market and not flow"

    Wishful thinking. This is going to hurt all of us. But poor Yanks- we're going to have a harder fall.
     
  13. Asguard Kiss my dark side Valued Senior Member

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    23,049
    oh i dont care what happens to you

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    im kidding, but i WAS talking about the australian ecconomy because people are panic selling now. we still export most of our stuff to asia and whats more with the flooding the farmers will be looking to hire again so cant see the unemployment rate going up
     
  14. hypewaders Save Changes Registered Senior Member

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    12,061
    It's time for some Steely stoicism.

     
  15. Asguard Kiss my dark side Valued Senior Member

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    what is black friday?

    Here it refers to a bushfire that was even worse than ash Wed
     
  16. pjdude1219 The biscuit has risen Valued Senior Member

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    she only believes media that is biased towrds the right wing view point
     
  17. hypewaders Save Changes Registered Senior Member

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    12,061
    Asguard: "what is black friday?"

    Hopefully not 25-01-08. It could be that, or...(source: Wikipedia)

    Black Friday (1869), the Fisk-Gould Scandal (24 Sep), a financial crisis in the United States
    Black Friday (1910), a campaign outside the British House of Commons (18 Nov) of the Women's Social and Political Union the Conciliation Bill failed
    Black Friday (1919), the Battle of George Square (31 Jan), a riot stemming from industrial unrest in Glasgow, Scotland
    Black Friday (1921), the announcement of British transport union leaders (15 Apr) not to call for strike action against wage reductions for miners
    Black Friday (1939), a day of devastating fires in Australia (13 Jan)
    Black Friday (1944), a disastrous attack by the Canadian Black Watch (13 Oct) near Woensdrecht during the Battle of the Scheldt
    Black Friday (1945), an air battle over Sunnfjord (9 Feb), the largest over Norway
    Hollywood Black Friday (5 Oct 1945), a riot at the Warner Bros. studios stemming from a Confederation of Studio Unions (CSU) strike leading to the eventual breakup of the CSU
    Black Friday (1978), a massacre of protesters in Iran (8 Sep)
    Black Friday (1982), the Argentinian invasion of the Falkland Islands, sparking the Falklands War
    Black Friday (Maldives) (2004), a crackdown in Maldives, Malé (13 Aug) on peaceful protesters


    My guess is that Steely Dan was either referring to 1869, or to a generically Bad Day.
     
  18. te jen Registered Senior Member

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    532
    The Fed is trying to plug the leaks with a cut in interest rates and massive cash injections to some banks - but the rest of the world doesn't look too optimistic. I don't believe (and haven't for some years) that the U.S. economy is sustainable. I'm no economist, but it seems reasonable to me that we're headed for a serious reckoning - at the very least a contraction/correction/whatever you want to call it that will drop the DJ to 7000 and vaporize the artificial wealth that has buoyed us along since 1990. At worst? Doesn't really bear thinking about.
     
  19. kmguru Staff Member

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    11,757
    DOW is already down 450 points (Foxnews) while Feds cut interest rate 0.75%. Really bad news. I wonder if there is some underlying global issues that is causing this like $4 Trillion dollars worth?

    May be a few countries are printing money to pay for the oil?
     
  20. nietzschefan Thread Killer Valued Senior Member

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    Someone just bailed out the DOW. only -94 as I post this.

    Someone is throwing around their weight.

    Reminds me of when Bill Gates single handidly corrected the 97' correction.
     
  21. nietzschefan Thread Killer Valued Senior Member

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    The stock market is the all-seeing-eye at the the top of the pyramid scheme economic system of the so-called "free-market". If it goes down the next level must bear it's weight until it is rebuilt to hold it's own structure.

    The next level is supposidly banks, considering how many of them are invested in the market and how much money they have loaned out and invested in U.S assets, I figure they are at least as weak as the market.

    The Government falls somewhere after banks in most "free" countries. Considering the U.S prints money like it's going out of style, well I don't expect it to be able to help out the american people much...unless it can pull billions out of it's all...oh wait is that the presses I hear firing up?

    The people. Well I don't know what they are like in your neck of the woods, but here they would already rather run over a homeless person than have to wait for a redlight. I'm told constantly by Americans, gee people are so nice here in Toronto and I'm like "WTF are you from??" Have you seen what your neighbour has left for you in the public toilet? Not even a courtesy flush these days...
     
  22. draqon Banned Banned

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    35,006
    well world stocks are going down...oh boy MLK day saved US some bit there since stock markets were closed than...
     
  23. S.A.M. uniquely dreadful Valued Senior Member

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    Not really

    http://news.bbc.co.uk/2/hi/business/7202645.stm

    It is what it is
     

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