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recession??????

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Old Dec 3, 2008 | 08:44 AM
  #1  
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Default recession??????

can someone explain to me what a recession really is????????????
 
Old Dec 3, 2008 | 08:48 AM
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Go to the recession forum
 
Old Dec 3, 2008 | 09:10 AM
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Its when the sh_t hits the fan and then the government turns the fan on High.

Then they tell us we did it.
 
Old Dec 3, 2008 | 09:52 AM
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Originally Posted by Flying Horse
Its when the sh_t hits the fan and then the government turns the fan on High.

Then they tell us we did it.
LOL!

Actually, I think the current definition is: When there has been two or more successive quarters of shrinkage of the nation's GDP (economic ($) activity). But since it is a lookback and it takes a while for the economic spooks to calculate, it is only confirmed now that the recession started several quarters ago.

I'm a jake-leg economist meself, uh-huh! and my advice is: "SCREW IT, GO RIDE!"
 
Old Dec 3, 2008 | 10:09 AM
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A recession is when your neighbor loses his job. A depression is when you lose your job. Until we get some pollytishuns (wh$res) that are going to reduce the size of our government, we are screwed. Must ride Harley. Clear mind.

By the way, Hope ya'll have a Merry Christmas and happy New Year.
 
Old Dec 3, 2008 | 11:29 AM
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A recession is when you have a job and your neighbor doesn't.

A depression is when your neighbor has a job and you don't.
 
Old Dec 4, 2008 | 10:23 AM
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It's the new harley engine, due out next year.

Goes like this, Knuckle, Shovel, Evolution, Revolution, Recession...
 
Old Dec 4, 2008 | 12:42 PM
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A recession is when you lose your hair. A depression is what happens to ya when you lose it!!!!!!!!
 
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Old Dec 4, 2008 | 12:47 PM
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Originally Posted by NetMinder
A recession is when your neighbor loses his job. A depression is when you lose your job. Until we get some pollytishuns (wh$res) that are going to reduce the size of our government, we are screwed. Must ride Harley. Clear mind.

By the way, Hope ya'll have a Merry Christmas and happy New Year.
Gov't spending represents nearly 1/2 of the total US GDP and as of 2006 employed 19,734,000 people . Be careful what you wish for. It's a very complicated issue.
 

Last edited by ken thompson; Dec 4, 2008 at 12:50 PM.
Old Dec 4, 2008 | 06:30 PM
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Originally Posted by Big Sled
LOL!

Actually, I think the current definition is: When there has been two or more successive quarters of shrinkage of the nation's GDP (economic ($) activity). But since it is a lookback and it takes a while for the economic spooks to calculate, it is only confirmed now that the recession started several quarters ago.

I'm a jake-leg economist meself, uh-huh! and my advice is: "SCREW IT, GO RIDE!"
These two summed it up pretty well...

Mimo.
 




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