| Is the recession really over?
Posted: 10/6/2009 9:38:37 PM | | The talk lately is the recession is over?? Newsweek has stated that this is true due to the stimulus package. Has anyone checked the unemployment rate in the state of Missouri? It is higher now than it has ever been. Is it true that we will be behind in times like we are in fashion and etc.? What are your thoughts? | |
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| Is the recession really over?
Posted: 10/7/2009 8:31:06 PM | | I hope they're right. Of course, here in the Midwest we'll probably be the last to know. | |
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| Is the recession really over?
Posted: 10/8/2009 12:49:32 PM | | It's just plain crazy! I am getting tired of continually hearing the "recession is over" and then you hear about more and more company's laying off, reducing to part time to avoid benefit packages etc. I will have to agree that the worst is yet to come. | |
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| Is the recession really over?
Posted: 10/8/2009 1:17:27 PM | Looks like the Chinese and the Saudies don't want to buy any more of our debt.
The bonds are not selling, not even - at this low-low price - just for you - for a limited time only! Ooooops!
Looks like the world does not believe the treasury's promise to pay back in 30 years.
They probably think we are about to go belly-up! 
I hope you all have your pockets full, with as much gold and silver as you can afford!
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| Is the recession really over?
Posted: 10/11/2009 12:20:39 PM | | I have heard that the job market is improving in certain areas, but in St. Louis it is still as bad as ever. I really should get out of this city... | |
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| Is the recession really over?
Posted: 10/11/2009 4:54:36 PM | Unemployment is ussually a lagging indicator as to what the state of the economy is.
The last recession "officially" ended in November of 2001, but the job market did not fully recover until early 2004.
10%+ unemployment nationwide is innevitable, and will probably be reached this month. | |
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| Is the recession really over?
Posted: 10/26/2009 9:24:06 AM | That's exactly what was said on the news...the job market is the last to recover from a recession....the rest of the economy has to improve before the jobs open up again.
Sad...but seems that's what is happening.
But...my father always told me that when the country begins to get out of control with raising prices on things so high...that the only way for things to get affordable again is to have a recession...it's sad that we don't seem to learn from our mistakes...but I guess as long as people will pay exhorbitant prices for things...we will continue to have this rollercoaster ride. | |
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| Is the recession really over?
Posted: 10/31/2009 8:56:26 AM | Sure it is but when something is termed a recession or a depression it is because it hit a certain set of criteria,same for when it ended.It does not mean a country is all peaches and cream,it means you can no longer accurately term the time as a recession,it ended,per set criteria.As history has always shown its quite foggy as to when the exact turning point was,and when many look back at that time period,there is varied responses.Our country has had many depressions and many recessions,nothing new in that department. We are improving is all ,its a long road.First it was a threat of imminent depression,Obama staved that off and it turned to recession,Obama staved that off and now the recession has officially ended ,and well sure lots and lots of things are looking pretty bad,just no longer so bad that it fits a definition of a recession.
Here is an article that might help.
March 21, 2008
When will we know if it's a recession?
Some economists think we're in a recession, while others disagree. When will we know for sure? Listen
Dr. Mike Walden, North Carolina Cooperative Extension economist in the College of Agriculture and Life Sciences at N.C. State University, responds:
"Well, unfortunately we won't know for a while. In fact, we likely won't know until the recession is over if, indeed, there is a recession. The reason is that there is actually a group outside the federal government - it's a nonpartisan group called the National Bureau of Economic Research - that is actually charged with making the call on a recession. They determine if we're in a recession. They determine when a recession begins, when it ends, how bad it is. And of course to do this, they look at evidence, a lot of statistical evidence about the economy. The rule of thumb is we have to have a broad retreat - negative growth, if you will - in the economy for at least six months. Now the problem is that the data that these folks need to make the determination about a recession comes out with a substantial lag. Many of the data come out three or four months after the fact, so it's going to be a while, for example, to see if we meet that six-month criteria for having a retreat in the economy. It's going to be a while before all those data are here, which means as in past recessions, we'll know if it's a recession, but only after the fact." | |
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