Comments on: Recession?

By: littlebear1776

littlebear1776 — Mon, 15 Jun 2009 00:22:47 +0000

allies needs to get a refund on his econ class. the feds have just come out with last quarters growth numbers. the first quarter of this year we had 0.6% growth, and that is NOT the revised number, which will come out next week ,and will be closer to 1% growth. therefore we are NOT in a recession. but keep hoping, allies, maybe it will start this quarter

By: george w

george w — Sat, 13 Jun 2009 17:13:44 +0000

We are in a consumer led recession so the definition of a recession may not look real at this point.

By: allies

allies — Fri, 12 Jun 2009 23:15:37 +0000

I have economics class right now. Yes, the US is in a recession. It’s when there have been two bad quarters in a row and we certainly have that.

The media and people in politics say we aren’t because they don’t want to scare the public.

By: Kiran C

Kiran C — Thu, 11 Jun 2009 05:56:33 +0000

The common answer is 2 quarters of negative growth. The offical group that declares if we are in a recession does not use that standard but their criteria is similar. This board usually declares a recession after it is over.

Even if you do not know if you are in recession, it can feel like you are in recession.