Recession coming

[Partial]

Do you fear that a major recession is coming? I am reading nothing but negative news about a potential 2nd great depression coming up in the next couple of years with crazy high inflation, unemployment, etc.

[Harlan Huckleby]

I think this topic was already covered in the "What did you cook/have for dinner?" thread.

[Jimx29]

I think this topic was already covered in the "What did you cook/have for dinner?" thread.

Now there's a logical place to have it discussed

[Freak Out]

I think this topic was already covered in the "What did you cook/have for dinner?" thread.

Now there's a logical place to have it discussed

Beans and rice amigo.

[MJZiggy]

Thanks for the warning...

[Partial]

Well, what can be done to prevent this and what can we reasonably expect to see change over the next few years? I am terrified that I won't have a good paying job after college.

[Patler]

You can do nothing to prevent it. None of us can. But, don't worry about it. We may have times of high inflation, astronomical interest rates and unemployment. We had them not that long ago. If it happens you will do what you have to. Any job is a good job when times are bad. But a Great Depression like 80 years ago? Not so likely, in my opinion.

[MJZiggy]

You can do nothing to prevent it. None of us can. But, don't worry about it. We may have times of high inflation, astronomical interest rates and unemployment. We had them not that long ago. If it happens you will do what you have to. Any job is a good job when times are bad. But a Great Depression like 80 years ago? Not so likely, in my opinion.

I thought they learned enough from the Great Depression to prevent it happening again. The recession can't be too bad. I just got a job.

[LL2]

A recession is defined by 6 consecutive months of negative GDP (gross domestic product) growth. I'm not sure how the GDP did the past couple months, but we will not know for a few months if we are in a recession for sure.

It's more likely that we are in a period of stagflation. Where inflation is growing (which we see in rising food and gas prices), and where unemployment is rising. A ying/yang going on at the same time.

[red]

but our shit for brains president says we are definatly not going into a recession

honestly, does anyone believe or even listen to anything that comes out of that jackasses mouth? i think both parties just roll their eyes and ignore him at this point

[Patler]

Recessions come and go. Yes they can cause some difficulties, but you do what you have to. That's why I said don't worry now about it.

The question was, are we heading to another great depression? That, I think is highly unlikely. There are protections in the banking and investment sectors to curb the panic situations that were a big part of the Depression.

[Harlan Huckleby]

But, don't worry about it. We may have times of high inflation, astronomical interest rates and unemployment.

boy, this reminds me of the standard definition of a recession: A recession is when your neighbor loses his job. A depression is when you lose yours.

[Patler]

But, don't worry about it. We may have times of high inflation, astronomical interest rates and unemployment.

boy, this reminds me of the standard definition of a recession: A recession is when your neighbor loses his job. A depression is when you lose yours.

Nice of you to interrupt the thought by talking only part of the quote. (Manipulative bastard! ) I went on to say that people cope. They do what they have to do.

What good does it do to worry about it now? Does that make it less likely to occur? Of course not.

[Patler]

But, don't worry about it. We may have times of high inflation, astronomical interest rates and unemployment.

boy, this reminds me of the standard definition of a recession: A recession is when your neighbor loses his job. A depression is when you lose yours.

.....and who are you calling "boy"?

[Tony Oday]

Honestly we just need to identify which industry we will ride through the current credit crunch. That is what it is, when the banks resolidify what they do you will see more borrowing again and that is what the US economy is based on CREDIT.