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How long are media outlets going to say the economy is "on the verge of a recession" .....

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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:42 AM
Original message
How long are media outlets going to say the economy is "on the verge of a recession" .....
.... or "about to slip into a recession." They've been saying that sh*t for half a year. ...... Now if they said "on the verge of a decpression," maybe they'd be on to something.....

:think:

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Tesha Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:43 AM
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1. Until it falls into depression. Then, it will be "in recession" for a while. (NT)
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:44 AM
Response to Reply #1
3. Exactly
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:44 AM
Response to Original message
2. They need to be nationalized.
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FreakinDJ Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:45 AM
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4. Right up until the last "Sucker" dumps money into the stock market
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flashl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:47 AM
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5. Long after the tent cities and shanty towns appear. nt
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rucky Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:49 AM
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6. Until November 5th. n/t
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:50 AM
Response to Original message
7. until bu$hco tells them what to say next
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DemocratInSoCal Donating Member (402 posts) Send PM | Profile | Ignore Sun Mar-16-08 10:50 AM
Response to Original message
8. They Didn't See This Coming
:sarcasm:
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TheFarseer Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:50 AM
Response to Original message
9. I want to know what the big deal is?
If growth is at .1% or at -.1%, what's the difference? These are normal business cycles. You have to have bust to have boom and you can't have a boom without a bust. What we should be focussing on is the price of oil and food, the deficit and jobs leaving America. People that made bad loans or took out bad loans have to take their medicine or else this situation will never get better.
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edhopper Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:57 AM
Original message
until
The National Bureau of Economic Research claims there is one. This is who officially calls a recession. For the MSM to say we are in recession would not be good journalism. To be fair, they do quote many economist that say we've entered a recession, but this is not official. The NBER usually calls a recession post facto, after looking at all the data. So just because we don't have an official recession doesn't mean we are not in recession.
I haven't heard any optimistic talk from the MSM about the economy (outside of Fox and CNBC) for a while.
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edhopper Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:57 AM
Response to Original message
10. *dupe*
Edited on Sun Mar-16-08 11:30 AM by edhopper
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Warren Stupidity Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 11:10 AM
Response to Original message
11. Until after the recession/depression/collapse is over.
Along the way they will trumpet several false start recoveries while deftly avoiding the obvious question 'recovery from what?'.
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 11:23 AM
Response to Original message
12. Until it meets the definition of an actual
recession. I hope the US doesn't go into a recession myself. I don't hope for the worse so it will help politically, which it seems may on this board do these days.
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