I think we all knew it already but they made it official on Monday!

 

http://news.yahoo.com/s/ap/20081201/ap_on_bi_ge/recession;_ylt=Amot.5TMjljTw2eDI_mhb_Os0NUE

 

 

If it been posted sorry!.....DISCUSS!

well i thnik we will bounce back if we stop throwing money at the problem. I believe in the practice of laissez-faire

damn, it's taken them a year to figure it out!!

well i thnik we will bounce back if we stop throwing money at the problem. I believe in the practice of laissez-faire

 

Smart kid!

 

It's too late, though. The people in charge now don't believe in Austrian economics, so the dollar is doomed.

 

http://www.washingtonpost.com/wp-dyn/content/article/2008/11/30/AR2008113002217_pf.html

 

This is a very telling sign of what's to come. Domestic troop deployment. The purpose of this is to quell the inevitable uprisings by Americans once it becomes abundantly clear their government has failed and their paychecks are worthless.

You guys don't understand economics! Print money to fix all the problems! And the policies that got us into this mess are the same ones that will fix it!

I don't feel any different...

Just wait, you'll feel it.

 

 

btw someone predicted this

 

[ame=http://www.youtube.com/watch?v=vweLBpE4mso]YouTube - Peter Schiff Analogies[/ame]

 

Listen to the last 2 minutes or so where he talks about the 5 Asians and the American, It's sadly true.

[ame=http://www.youtube.com/watch?v=6G3Qefbt0n4]YouTube - Nov 2006 Peter Schiff Mortgage Bankers Speech Part 1 of 8[/ame]

Congratulations for all Americans for the biggest robbery in the history.

You're welcome! Invest now in the US markets to make lots of money!

it's hilarious how they say it like 20 weeks after the dow started dropping and people started losing jobs...

Actions have consequences, Americans are learning this finally. And if we repeat the same mistakes as many are starting to do again, we'll pay the price again in the future.

 

One of the best quotes in history that pertains to modern day economics;

"The definition of insanity is doing the same thing over and over and expecting different results."-Benjamin Franklin

recession?

 

 

when? where?

 

 

no one told me

It's not so bad - our fellow citizens will lean to garden, learn to save, and they'll be healthier since nobody can afford the Ben & Jerry's Chunky Monkey!:laugh3: (no offense to Ben & Jerry's fans - it's just the name on the flavor that's soo funny!)

But really, they wait until there's absolute proof of a recession before the official word goes out.

It's not so bad - our fellow citizens will lean to garden, learn to save, and they'll be healthier since nobody can afford the Ben & Jerry's Chunky Monkey!:laugh3: (no offense to Ben & Jerry's fans - it's just the name on the flavor that's soo funny!)

But really, they wait until there's absolute proof of a recession before the official word goes out.

 

I agree, but how many times will we fail before we learn this simple lesson in life? I learned my lesson about consuming and debt, now I'm saving and investing.

Well, I think stupidity is cyclical. Every 30 years, a stupid war. Every 15 years, mass myopia and corrupt gamblers rig the markets for failure.. Just my pet theories, but it kinda does seem that way...

Very true Chuck, our leaders are addicted to violence and stupid economic policies and now the average American is addictive to bad economic policies. We have to reshape our nation in almost every aspect, it's going to suck.

 

Also California is in major economic trouble, this whole mess proves government ran economies don't work.

My views differ slightly - I believe that the government is the will of the people, and a tempering device to prevent rash ideas from rushing ahead. What's missing is honest government that respects and reflects the intelligent broad values of the citizenry. Key in this is education and fair elections - without which, the Enron heads of the world get their way, to the detriment of the whole. But yes, there is an addiction to violent policies - perhaps as a distraction, but more for egotistical and arrogant goals that cannot succeed because they are overly simplistic, neglecting the human element in the equation.

:laugh3: And California is perennially in some form of economic trouble.. Even The Terminator cannot save them now!:P

My problem with that is, if the government is the will of the people, then we have some sick people. Torture, wars, corruption, I don't believe that is the will of the the average people. I'm not against government, just massive bloated corrupt government.

 

I want a government that is the will of the people, not the will of the corrupt. But after this debacle i don't see how anyone can say a government in economics is a good things. I'm not an anarchist, I want to call 911 and have help come if i'm in trouble but I want boundaries and limits, checks and balances. We have none of that today.

It's not so bad - our fellow citizens will lean to garden, learn to save, and they'll be healthier since nobody can afford the Ben & Jerry's Chunky Monkey!:laugh3: (no offense to Ben & Jerry's fans - it's just the name on the flavor that's soo funny!)

But really, they wait until there's absolute proof of a recession before the official word goes out.

 

This recession will hopefully force some (or a lot of) Americans to learn to live within their means. Consumerism is a cancer for this nation. I mean, you could lease a nice car and change it in 2/3 years, change your cellphone every couple of months, max out your credit card, take out student loans of +$5,000, or buy a home with no down-payment. UNBELIEVABLE! Apparently saving has not been a popular concept for a long time.

 

As an immigrant poor college student, this recession just reinforces my fixation with being frugal. I don't have a credit card, no student loans (thanks to scholarships and aid, and working summers), a used car I paid with savings of 4 years, a 2 year old cellphone. I even saved for Coldplay tickets, which were rather expensive in my view, so that meant no going to the movies, eating out or clubbing for months. And I think I got used to it.

 

My mom asked if I wanted something for Christmas, and I just replied with a sarcastic smile. How can I want something when there's people who lost jobs, home, and more? Nah, just being healthy and with family is all I want :D

This recession will hopefully force some (or a lot of) Americans to learn to live within their means. Consumerism is a cancer for this nation. I mean, you could lease a nice car and change it in 2/3 years, change your cellphone every couple of months, max out your credit card, take out student loans of +$5,000, or buy a home with no down-payment. UNBELIEVABLE! Apparently saving has not been a popular concept for a long time.

 

As an immigrant poor college student, this recession just reinforces my fixation with being frugal. I don't have a credit card, no student loans (thanks to scholarships and aid, and working summers), a used car I paid with savings of 4 years, a 2 year old cellphone. I even saved for Coldplay tickets, which were rather expensive in my view, so that meant no going to the movies, eating out or clubbing for months. And I think I got used to it.

 

My mom asked if I wanted something for Christmas, and I just replied with a sarcastic smile. How can I want something when there's people who lost jobs, home, and more? Nah, just being healthy and with family is all I want :D

 

You are what's right with America! Sadly most Americans are the opposite of you and that is why were are in major trouble. If more acted like you, we'd have surplus of money, booms without bust's and more jobs being created instead of lost.

 

I fell victim to the debt/consumer society for a while, you're smart to have avoided it.

Thanks, although I don't know if everyone would agree with me being what's right with America. I do have confidence more and more Americans will kick their "I want it all and I want it now" habit and change for the better (you know, be more like me).

 

Maybe I should become a financial advisor, Suze Orman style. What she says makes sense, but sometimes it makes me laugh the way she delivers her message (no wonder she was mocked on SNL)

 

Honestly, being frugal is an acquired trait, and hard to keep up with. You really have to understand that sacrifices need to be made, and that you have to trade-off some things for others. No pain, no gain!

Thanks, although I don't know if everyone would agree with me being what's right with America. I do have confidence more and more Americans will kick their "I want it all and I want it now" habit and change for the better (you know, be more like me).

 

Maybe I should become a financial advisor, Suze Orman style. What she says makes sense, but sometimes it makes me laugh the way she delivers her message (no wonder she was mocked on SNL)

 

Honestly, being frugal is an acquired trait, and hard to keep up with. You really have to understand that sacrifices need to be made, and that you have to trade-off some things for others. No pain, no gain!

Thanks, although I don't know if everyone would agree with me being what's right with America. I do have confidence more and more Americans will kick their "I want it all and I want it now" habit and change for the better (you know, be more like me).

 

Maybe I should become a financial advisor, Suze Orman style. What she says makes sense, but sometimes it makes me laugh the way she delivers her message (no wonder she was mocked on SNL)

 

Honestly, being frugal is an acquired trait, and hard to keep up with. You really have to understand that sacrifices need to be made, and that you have to trade-off some things for others. No pain, no gain!

Well this is news....