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So, the Recession is Over?

Discussion in 'Political Discussion' started by PatriotsReign, Sep 21, 2010.

  1. PatriotsReign

    PatriotsReign On the Roster

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    This from CNN Money's website:

    Fed: Recovery continues to slow

    "NEW YORK (CNNMoney.com) -- The U.S. economic recovery continues to lose steam, the Federal Reserve said Tuesday, but the central bank announced no new policies to try to spur growth.

    While the Fed said it expects improvement ahead, it cautioned "the pace of economic recovery is likely to be modest in the near-term."

    While the Fed did not announce any additional steps Tuesday, it was a bit more aggressive in what it promised to do in the future if conditions weaken further. In its statement, the Fed indicated it is prepared to "provide additional accommodation" in order to "return inflation" to slightly higher levels.

    But the Fed said there are numerous signs of weakness in the economy, including employers reluctant to add staff, a depressed housing market, a slowdown in the growth of business investment and only modest improvement in consumer spending."


    Fed: Recovery continues to slow - Sep. 21, 2010

    Maybe someday the great minds in Washington will realize it may have been better NOT to attempt to stimulate the economy and let it bottom out naturally. Because true recovery can only start once that happens.
  2. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey

    How are your sales numbers PR?
  3. PatriotsReign

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    Slowing down a lot the last 3-4 months....

    But for some reason, people haven't cut down on vitamin consumption during the recession. Our theory is that it's because people are taking them in order to avoid getting sick and paying medical bills. Also, people have cut back on non-essentials dramatically and are spending their money on basic things like vitamins for health.
    Last edited: Sep 21, 2010
  4. Real World

    Real World Moderator Staff Member

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  5. PatriotsReign

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  6. khayos

    khayos Rookie

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    Double-dip?

    Housing prices in my area are below the worst of the bubble, they spiked for awhile then sunk right back down.
  7. PatriotsReign

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    The foundation of our economy as well as that of the world-wide economy is still un-repared. Housing, jobs and the financial industry make up this foundation and all 3 are still a mess.

    Although jobs (employment) is a lagging indicator, only the creation of new jobs can help housing and the financial industry.

    Jobs have to LEAD this recovery.
  8. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    IMO ... the recession will officialy be over when corporations begin investing their huge caches of cash they have been hoarding.
  9. PatriotsReign

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    That may be true...but they have to have DEMAND for their products BEFORE they begin to invest IcyPat. Why would anyone hire people to ramp up production when there is no reason to?

    IMO...the recession will be over once balance is restored. That means consumers have to get rid of debt and financial institutions need unload both private and commercial bankrupt/troubled property holdings.

    After this happens, confidence will slowly creep back into the mindsets of consumers and they'll begin to spend.
    Last edited: Sep 22, 2010

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