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Recession or not?
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Picture of Okla Reservist
posted
What do you think?

Question:
Are we in a recession or not? Or is all this economic talk just hype for an election year?

Choices:
Yes, we've been in a recession for a while now
Yes, we are just now in a recession
Not sure/can't tell yet
No, we need 2 quarters of negative GDP
No, it's just all hype

 


"Try not to draw the enemy's fire. It irritates everyone around you."
 
Posts: 79 | Location: Oklahoma City, OK | Registered: 04 June 2007Reply With QuoteReport This Post

Picture of Okla Reservist
posted Hide Post
Any other votes?

I would argue that we have not been in a recession and that we may or may not be right now - it's too early to tell.


"Try not to draw the enemy's fire. It irritates everyone around you."
 
Posts: 79 | Location: Oklahoma City, OK | Registered: 04 June 2007Reply With QuoteReport This Post

posted Hide Post
Technically we are not in a recession; a recession occurs when economical growth is negative for two or more successive quarters of a year.

So far this year the economy has growen ever so slightly at 1-3% (give or take)for the past few month.

So, the answer to you poll is no we are not.

Now are we headed that away, thats a more of a appropriate question. And a new poll.


What a first post.
 
Posts: 36 | Registered: 23 June 2008Reply With QuoteReport This Post

Picture of 35 Series
posted Hide Post
quote:
Originally posted by Shortimer52:
Technically we are not in a recession; a recession occurs when economical growth is negative for two or more successive quarters of a year.

So far this year the economy has growen ever so slightly at 1-3% (give or take)for the past few month.

So, the answer to you poll is no we are not.

Now are we headed that away, thats a more of a appropriate question. And a new poll.


What a first post.
What he said. The facts are clear, there is no need for opinion. The economy MUST shrink to have a recession, and it has yet to do so. End of story/poll.


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Posts: 2327 | Location: CONUS | Registered: 30 October 2005Reply With QuoteReport This Post
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