Saturday, August 23, 2008

We're Not in a Recession

While the economy may be weak, it turns out that we are still not in a recession.
Posted by at 9:01 AM

5 comments:

  1. AnonymousAugust 23, 2008 10:49 AM

    RE: "still not in a recession'

    It was easy to miss, but at the end of last month, Q4 07 GDP was revised into negative territory, -0.2%.

    It's almost certain now that we're in a recession and have been for at least 6 months.

    ReplyDelete
  2. wannabuyAugust 23, 2008 11:46 AM


    It was easy to miss, but at the end of last month, Q4 07 GDP was revised into negative territory, -0.2%.
    Thank you. Its interesting how the downside revisions are never discussed. (But oh boy are the upside revisions.)

    National employment is down YOY. I think anyone outside of the ivory tower has been feeling the recession.

    However, recessions tend to not be recognized until the states have to cut spending.

    I agree with unknowhoiyam, we've been in the recession 6+ months.

    Got Popcorn?
    Neil

    ReplyDelete
  3. Richard JenningsAugust 24, 2008 1:38 PM

    I dont know what to make of the economy but I see thousands of high paying jobs posted on employment sites, this is a great barometer...

    www.indeed.com (keyword)
    www.simplyhired.com (keyword)
    www.realmatch.com (matching)

    Lots of $150k jobs!

    ReplyDelete
  4. AnonymousAugust 25, 2008 12:06 AM

    re: richard jennings

    We've lost 500K jobs this year alone. We're shedding 70K-80K a month right now, even with June and July primed with $180B worth of "stimulus" handouts.

    The job market is terrible and getting worse. Fast.

    ReplyDelete
  5. robertAugust 25, 2008 1:31 PM

    uknowwhoiyam said...
    We've lost 500K jobs this year alone. We're shedding 70K-80K a month right now, even with June and July primed with $180B worth of "stimulus" handouts.

    The job market is terrible and getting worse. Fast.

    Yea, but iPhones are selling!!!

    ReplyDelete

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