The Great Recession is over?

[Farbin Kaiber]

Really? What are these guys trying to feed us?

http://www.latimes.com/business/la-fi-unemployment7-2009nov07,0,5935198.story

[LBJefferies]

Unemployment is only one small piece.

[Farbin Kaiber]

I know, but I think with that piece of the puzzle "missing" they are unable to claim a full end to this series of events.

It's like a guy at a shop saying "your car is fixed, but the spark plugs are still ruined, so it won't run, but we fixed it."

[Optimator]

Unemployment is only one small piece.

It's an important piece for a certain giant, 6'9", 210 lb lovable goof called Farbin Kaiber. He's had to cut back seriously. No more 10:55 PM runs to the 7-11. The unexpected silver lining to this all is that he was able to easily drop 50 pounds off his doughy body.

[Farbin Kaiber]

Why don't you pick on Buddy this way?

[gazellebeigem3]

it was all booshes fault

[Optimator]

Why don't you pick on Buddy this way?

Buddy?

[LBJefferies]

Actually it's Obama's fault. Everybody knows that.

[daniel]

i don't want to get into a political thread, but since it is early in the thread, i'll comment.

the reason the recession is over is because of the actual definition of "recession". it has to do with GDP growth over a certain period of time, and it may also account for unemployment rates.

wikipedia:
a recession is now often defined simply as a period when GDP falls (negative real economic growth) for at least two quarters. Some economists prefer a definition of a 1.5% rise in unemployment within 12 months.

[Farbin Kaiber]

I understand the techno-lingo the policymakers are using, but they are loopholing this whole fiasco and telling people the sky is no longer falling, when in fact, anyone can still see a big hunk of frozen, blue airliner toilet tank shit crashing down fast...


people still have no jobs, default on credit cards, and pop a whole 'nother bubble the likes of which pale the comparison to the housing/.com bubbles we have seen in the past.

[Ryan Stewart]

There is a shit-ton of bad news going on but they are correct that the recession is over. Now, if someone is misinterpreting that to mean the sun is shining, well, that doesnt change the fact that the recession has ended.

[kishg]

i don't want to get into a political thread, but since it is early in the thread, i'll comment.

the reason the recession is over is because of the actual definition of "recession". it has to do with GDP growth over a certain period of time, and it may also account for unemployment rates.

BINGO! Nice to know some members here use their brains.

[StereoInstaller1]

I think the whole housing bubble is nothing compared to what is gonna happen soon with the commercial real estate bust.

[gwb72tii]

Unemployment is only one small piece.

tell that to the people still losing jobs
it is not a small thing and will drag on the economy for a long time

and since you asked, a lot of this is in fact the messiah's fault. he took advantage of the downturn to pass a pork-everything-you
-wanted-but-couldn't-pass-with-a-divided-congress bill in the name of stimulus. the trouble is it was in fact not stimulus, and the economy is still bleeding jobs because he did nothing to help the private sector. it was a huge fuck-up and we're all paying for it.
the man is on WAY over his pay grade

[nando]

just think, if they had actually spent the 1.5 trillion on roads and infrastructure (water, sewer, electric) instead of bullshit, people would have jobs and we'd have something to show for it 10 years down the road.