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October 9, 2011
How bad can it get if the US falls into recession?
But recessions come in many varieties, and most are less scary than the last one.
Out of curiosity, how bad would history suggest that it would get if we were to enter a recession with 9.1% unemployment and a federal funds rate of 0%?
Dictionary.com: victim
2. a person who is deceived or cheated, as by his or her own emotions or ignorance, by the dishonesty of others, or by some impersonal agency: a victim of misplaced confidence; the victim of a swindler; a victim of an optical illusion.
BLS: Job Openings "Little Unchanged" at 7.7 million in October
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From the BLS: Job Openings and Labor Turnover Summary
*the number of job openings was little changed at 7.7 million on the last
business day of October*, ...
2 hours ago
10 comments:
One thing you can always count on from stock cheerleaders. Cheering! Couple of choice quotes:
"It's hard to see why the U.S. would experience a recession when almost nothing requires a correction."
How about the 6 trillion difference between housing values and mortgage balances? Can someone please take a quick 6 trillion write off?
Even if he's wrong, investors bracing for a downturn on the scale of the last one may be pleasantly surprised.
That's a relief. Where do I sign up for my 25% loss instead of a 50% loss? Who wouldn't be pleasantly surprised by a 25% loss?
"...investors bracing for a downturn..."
Let's just hope investors are, in fact, bracing for a downturn, irregardless of whether they are pleasantly or unpleasantly surprised.
oh man.
nobody seems to understand that the major recessions of the 1970s and 80s were caused by the Fed taking the punch bowl away.
We're still in recession if you look at PAYEMS or capacity utilization.
The Republicans taking all 4 branches next year will be interesting.
The job creators might come out from hiding, or something very weird might happen.
I lean towards the latter.
spamword: garing.
Indonesian for "crispy", "lame", "a joke that is not funny".
....a victim of an optical illusion. Or, maybe the victim of an Illusion of Prosperity? Like, I thought I was prosperous, and then my house lost half the value from when I purchased it.
Are we going to see a rubicon week? Just 12 points to go!
Lol.
Mr Slippery,
One thing you can always count on from stock cheerleaders. Cheering!
Two bits,
Four bits,
Six bits a dollar,
All for the economy stand up and falter!
Oops. I tried.
Anonymous,
Let's just hope investors are, in fact, bracing for a downturn...
Bracing for never ending biscuits and gravy, if today's stock market surge is any indicator.
Troy,
The job creators might come out from hiding, or something very weird might happen.
It would be very weird IF the job creators came out from hiding. Sigh.
nanute,
They say the best things in life are free. Once your house loses the other 50% of its value you'll be there! D'oh! ;)
Audrey,
Are we going to see a rubicon week? Just 12 points to go!
Rubikahn!
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