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About LinkBacksthe price of crude oil is dropping on fear of the economy going into a recession, when it could be easily argued that the skyrocketing price of crude is a major factor in what brought ON the recession?
Isn't it rather odd that
the price of crude oil is dropping on fear of the economy going into a recession, when it could be easily argued that the skyrocketing price of crude is a major factor in what brought ON the recession?
Gas prices arent dropping as fast. Was shocked to see someone finally say we are in a recession.
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Bingo!! give the man a cigarOriginally Posted by slowride
the price of crude oil is dropping on fear of the economy going into a recession, when it could be easily argued that the skyrocketing price of crude is a major factor in what brought ON the recession?Of course wage earners that make say $50-$75 K @year being able to get loans on a $500,00 house with 5% down didnt help either!!! NSF
Last edited by Not So Fast; 02-05-2008 at 06:05 PM.
CHARGERS ROCK !!!!
That's part of an odd thing called a free market???
Are we in a recession? If so, then how much has the U.S. GDP dropped in the last 2 Quarters???
I'm not implying this economy is great for everyone, but is it in a recession??
Last edited by eliminatedsprinter; 02-06-2008 at 05:13 PM.
If you use GDP as an indicator (which many don't any longer), no, we're not in a recession. If you use Business Cycle Indicators, the picture isn't quite as rosey.
At this point we are in more of an economic slowdown. You are correct it's not rosey and it's also not helped by people who create new definitions (and I'm not saying you are) so they can frame things using exaggerated terminology.
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