|
Since we are almost in a recession | by imrambi | 2008-03-20 11:48:51 |
|
It's not a recession, it's just prices going up | by murphoid | 2008-03-20 12:05:36 |
|
Keep telling yourself that. (n/t) | by Didactylos | 2008-03-20 12:08:29 |
| Where's the contraction of the US economy? |
by CynicalRyan |
2008-03-20 12:20:36 |
The [2007 - CR] consensus of economists surveyed by the Blue Chip Economic Indicators newsletter sees the U.S. economy expanding 2.4% in 2008. That's down from a 2.6% projection made last month and a 2.8% gain forecast in August.
The OECD has slashed its growth forecast for the US economy and hardly expects it to grow at all in the first six months of 2008. But the OECD says it is "premature" to say the US is in recession.
Low Unemployment: The unemployment rate edged down to 4.8 percent in February from 4.9 percent in January. Unemployment rates declined or remained steady in 18 states over the year ending in January. (Last updated: March 11, 2008)
Where? Low growth is not a contraction, and neither is zero growth. Negative growth is a contraction, but that doesn't seem to be happening. |
|
[ Reply ] |
|
What areas is it expanding in though? | by subbywan | 2008-03-20 12:44:52 |
|
Expansion is irrelevant for a discussion | by CynicalRyan | 2008-03-20 12:48:10 |
|
Um, how is expansion irrelevant? | by merlin | 2008-03-20 12:49:23 |
|
in general, because expansion is evidence | by subbywan | 2008-03-20 12:52:39 |
|
Exactly. | by CynicalRyan | 2008-03-20 12:59:19 |
|
No, but you CAN have lying about the expansion. | by subbywan | 2008-03-20 13:00:25 |
|
A detailed post for that is | by CynicalRyan | 2008-03-20 13:09:05 |
|
already replied (n/t) | by subbywan | 2008-03-20 13:17:03 |
|
ditto. ;) (n/t) | by CynicalRyan | 2008-03-20 13:20:38 |
|
It may be relevant. | by subbywan | 2008-03-20 12:51:45 |
|
In that case, yes. | by CynicalRyan | 2008-03-20 13:07:49 |
|
Therein lies the trouble. | by subbywan | 2008-03-20 13:16:43 |
|
Of course. | by CynicalRyan | 2008-03-20 13:20:08 |
|
It all depends on where they get their source data | by subbywan | 2008-03-20 13:22:46 |
|
Could just mean, that everybody uses the same | by CynicalRyan | 2008-03-20 13:40:58 |
|
Yeah, but they're also French :P | by subbywan | 2008-03-20 13:46:00 |
|
As if the French loved the States. :P | by CynicalRyan | 2008-03-20 14:06:28 |
|
The US is seen as a entity in and of itself | by subbywan | 2008-03-20 14:10:18 |
|
Elaborate, please, with short words, if you can. | by CynicalRyan | 2008-03-20 14:12:42 |
|
Economically, the EU operates as a whole | by subbywan | 2008-03-20 14:23:41 |
|
This is not quite true, I think. | by CynicalRyan | 2008-03-20 14:35:56 |
|
The member states can be very diverse, but | by subbywan | 2008-03-20 14:46:08 |
|
Of course the US can do so. | by CynicalRyan | 2008-03-20 14:49:14 |
|
Even national security is tempered | by subbywan | 2008-03-20 15:03:04 |
|
Not all EU members are Schengen members. | by CynicalRyan | 2008-03-20 15:07:42 |
|
Yes, but the analogy holds. | by subbywan | 2008-03-20 15:09:31 |
|
My point: | by CynicalRyan | 2008-03-20 15:21:46 |
|
yes, you're talking past me :P | by subbywan | 2008-03-20 15:32:36 |
|
Well, I said that my perspective can be skewed. | by CynicalRyan | 2008-03-20 15:36:15 |
|
Actually, there are some aspects the US would do | by subbywan | 2008-03-20 15:38:49 |
|
Works both ways. (n/t) | by CynicalRyan | 2008-03-20 15:52:04 |
