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-   -   Recession Again? (https://www.revscene.net/forums/651247-recession-again.html)

alex.w *// 08-08-2011 03:25 PM

Recession Again?
 
so the tsx and other stock markets have been dropping rapidly these few days. Are we going to have another recession?

Anybody getting laid off from work?

Meowjin 08-08-2011 03:31 PM

my hours have been cut from my dayjob, but I havn't noticed because I already work minimum hours due to school. My coworkers on the other hand don't feel too happy (warehouse of a major retailer)

Neva 08-08-2011 03:34 PM

well since we never recovered from the last one I'm going to have to say we're not having another. In fact, by definition some say we're entering a depression. But in reality things aren't nearly bad enough for most to consider these times as a depression.

taylor192 08-08-2011 05:40 PM

Quote:

Originally Posted by alex.w *// (Post 7538567)
so the tsx and other stock markets have been dropping rapidly these few days. Are we going to have another recession?

The first recession never ended, we just spent a lot of future tax dollars to mask a problem that didn't go away, and in fact we made it worse.

CP.AR 08-08-2011 06:42 PM

double dip recession

will068 08-08-2011 06:49 PM

Quote:

Originally Posted by taylor192 (Post 7538723)
The first recession never ended, we just spent a lot of future tax dollars to mask a problem that didn't go away, and in fact we made it worse.

This.

Gt-R R34 08-08-2011 06:56 PM

Quote:

Originally Posted by taylor192 (Post 7538723)
The first recession never ended, we just spent a lot of future tax dollars to mask a problem that didn't go away, and in fact we made it worse.

Canada didn't do all that much in that end. Some. not a full boat load like US. I can't stand american politics. They KNOW they are the driving factor in the world economy, but bicker like school children when it comes to something as ooh...lets say as SERIOUS as their position as the #1 power in the world.

No Economy = No Big Dick.

The "first" recession driving factor was a catastrophic singular event. This dive right now is just a continuation of consumer/ppl frustration with government non-or lack of policies to tackle what is important and finally boiled over.

If they acutally did what the EU (some countries are doing.) aka stfu, we're cutting back on XYZ and you ppl are going to take it. They would be in way better shape.

I BELIEVE in can't have your cake and eat it. Need to give and take for them to prosper.

Mr.C 08-08-2011 06:59 PM

What the US needs to do is pull back their military operations, and work on securing their borders.

MindBomber 08-08-2011 07:29 PM

Quote:

Originally Posted by Mr.C (Post 7538802)
What the US needs to do is pull back their military operations, and work on securing their borders.

What the US needs to do is re-adopt their pre-wwII isolationist policies, and stop trying to buy and force influence around the world so they can tell themselves they're number 1; In reality all they've done is make themselves the most hated country world wide and hopelessly bankrupted themselves.

shawn79 08-08-2011 07:31 PM

i just dropped 5k on thompson creek

twitchyzero 08-08-2011 07:49 PM

i dont think anyone said the recession from 2008 was over
aside from maybe the newspaper.

taylor192 08-08-2011 08:07 PM

Quote:

Originally Posted by Gt-R R34 (Post 7538800)
Canada didn't do all that much in that end. Some. not a full boat load like US.

Remember to compare the sizes of our boats. We're 1/10th the US, so if they spend $1T, $100B spent here would be about the same. We did spend $50B, so lets not pretend we didn't sink our ship too.

Take a look at the housing bubble busting in Australia despite a strong economy of selling commodities to Asia... this will eventually happen here, and then we'll have to face our own problems.

Quote:

Originally Posted by Gt-R R34 (Post 7538800)
If they acutally did what the EU (some countries are doing.) aka stfu, we're cutting back on XYZ and you ppl are going to take it. They would be in way better shape.

I actually don't agree with what some of the EU countries are doing. I think they should just go bankrupt and deal with the short term pain, then come back stronger and out of debt.

Gridlock 08-08-2011 08:18 PM

I'm going to use the term "depression" whether its economically warranted or not.

It's been depressing watching obama fuck it up. And here I thought relief was in order after Bush fucked it for 8 years.

12 gd years. Twelve!

taylor192 08-08-2011 09:10 PM

Quote:

Originally Posted by Gridlock (Post 7538906)
It's been depressing watching obama fuck it up. And here I thought relief was in order after Bush fucked it for 8 years.

12 gd years. Twelve!

The US needs another Clinton, and sadly I think Hillary is the person for the job with Bill calling the shots.

Death2Theft 08-08-2011 11:55 PM

First a black guy than a woman in charge. The signs doomsday is coming?

shawn79 08-09-2011 12:00 AM

Quote:

Originally Posted by Death2Theft (Post 7539172)
First a black guy than a woman in charge. The signs doomsday is coming?


:fuckthatshit:

ToneCapone 08-09-2011 02:45 AM

Took all my stocks out right before it started to drop. Doesn't look like the markets are going to be doing good anytime soon... But something like Taylor192 said, it wasn't good in the first place.

!Yaminashi 08-09-2011 02:10 PM

Quote:

Originally Posted by taylor192 (Post 7538723)
The first recession never ended, we just spent a lot of future tax dollars to mask a problem that didn't go away, and in fact we made it worse.

And in turn making future life unaffordable for the next generations

TheNewGirl 08-09-2011 02:11 PM

Quote:

Originally Posted by !Yaminashi (Post 7539717)
And in turn making future life unaffordable for the next generations

Just like our parents have done to us.

StylinRed 08-09-2011 02:24 PM

again? when did the last one end? ;)

bloodmack 08-09-2011 03:04 PM

Stocks soar after Fed pledges low rates into 2013
band aid fix.. wonder what other stupid things they will do.

InvisibleSoul 08-09-2011 03:28 PM

Is this going to lower house prices? I want to upgrade from my apartment, but can't afford the retarded prices for a standalone house.

97ITR 08-09-2011 04:55 PM

Quote:

Originally Posted by InvisibleSoul (Post 7539791)
Is this going to lower house prices? I want to upgrade from my apartment, but can't afford the retarded prices for a standalone house.

doubt it.... It means continued low interest rates and, consequently, elevated housing prices
Posted via RS Mobile

LiquidTurbo 08-09-2011 04:57 PM

Quote:

Originally Posted by InvisibleSoul (Post 7539791)
Is this going to lower house prices? I want to upgrade from my apartment, but can't afford the retarded prices for a standalone house.

What, you, InvisibleSoul, can't get a house for free? :troll:?

MDMA 08-09-2011 05:13 PM

Good time to buy some stocks ?
Posted via RS Mobile


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