Is the Recession really over?

tk7432 · 28-09-2009

Well its September 2009, the Dow Jones is easily inching closer to 10000, and the economy is closely rebuilding itself. Many analysts believe that the recession is close to being over and that the economy is slowly rebuilding and inching towards expansion. In my opinion, I have had a job for the past 2 years consecutively and I never felt the deep threads of the recession but I believe that it is progressively getting better. How about you? Are you ready to invest in the stock market? Buy that fancy house? Go shopping on Black Friday with no regrets? Is it really over? Or close?

Chillhouse · 28-09-2009

The recession aparently officialy ended a couple of months ago in canada.

babymick21 · 28-09-2009

"Recession" is a technical term and by the definition, yeah...it's over. But, just because the technical recession is over doesn't mean that significant portions of the economy aren't receding. Unemployment always lags the end of a recession, so expect that number to keep rising. Delinquency rates on mortgages are still climbing. Commercial real estate may still collapse.

There's a lot of risk still out in the system which is why many fear a potential "double dip" if another big shock hits the system (eg credit card default rates keep climbing to a tipping point).

Finally, just because the "recession" is over doesn't mean that the recovery has gone very far (if at all). The recovery is a long way off. And, although people say that the market has gained 50% since the bottom...well...it needed to basically double to get back to the peak. Furthermore, the stock market is usually forward looking and 4-6months ahead of the broader economy.

link · 28-09-2009

My dad is a plumber and has been laid off for a year. It has been the first time he's ever been laid off and he still is no where near the top of the re-hire list. All of his friends who work in construction have been laid off for 2 years or more, and he is surprised he lasted as long as he did. Our house use to be worth around 800 thousand, but now we'd be lucky to sell it for 250 thousand, which is why we haven't sold it. My dad is bidding for building houses for practically free and is getting out bid by a lot. The company he works for is working with the bare minimum amount of workers and is still laying off more. The recession hit hardest on construction and housing, and that's exactly what my dad worked with. I have felt the effects of the recession full force, and it's not easing up yet.

Fire2box · 28-09-2009

We never would of been in a recession if we never thought we were in one. Well we might of been but people so over reacted about it.

Did anyone see the episode of South Park last season when they made fun of the recession. "Money only has power if you let it have power" .

http://www.southparkstudios.com/episodes/220760 There's the full episode if you want to watch it.. its very funny and makes great points.

timmahtherebel · 28-09-2009

I got an Instant Job.. bit like making coffee..
Ever heard of Costco Concierge?

I work for them

**Sheila** · 28-09-2009

Is is a gas station?

Grapejuice · 28-09-2009

Costco is a sort of coffee shop thing
I know because there are a lot more Costco's than Starbucks in my area of the UK

Fire2box · 28-09-2009

Quote:

Originally Posted by Grapejuice

Costco is a sort of coffee shop thing
I know because there are a lot more Costco's than Starbucks in my area of the UK

Costco - Wikipedia, the free encyclopedia

MrMcAwesome · 28-09-2009

well in this kneck of the woods the recession is still in full swing

28-09-2009	#1 (permalink)
tk7432 Regular Join Date: Aug 2008 Location: In my hood Age: 17 Posts: 842 Threads: 34 Wiki Edits: 2 Blog Entries: 5 Reputation: 6	Is the Recession really over? Well its September 2009, the Dow Jones is easily inching closer to 10000, and the economy is closely rebuilding itself. Many analysts believe that the recession is close to being over and that the economy is slowly rebuilding and inching towards expansion. In my opinion, I have had a job for the past 2 years consecutively and I never felt the deep threads of the recession but I believe that it is progressively getting better. How about you? Are you ready to invest in the stock market? Buy that fancy house? Go shopping on Black Friday with no regrets? Is it really over? Or close?

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Economic Recession good fer us?	Chillhouse	Mature Topics	35	14-03-2009 06:12 AM

28-09-2009	#2 (permalink)
Chillhouse العالم العربي والاسلامى Join Date: Jan 2008 Location: gta Age: 18 Posts: 2,121 Threads: 122 Blog Entries: 54 Reputation: 88	The recession aparently officialy ended a couple of months ago in canada.

28-09-2009	#3 (permalink)
babymick21 Regular Join Date: Dec 2008 Location: Cambridge, Ontario Age: 27 Posts: 358 Threads: 8 Gallery Uploads: 2 Reputation: 5	"Recession" is a technical term and by the definition, yeah...it's over. But, just because the technical recession is over doesn't mean that significant portions of the economy aren't receding. Unemployment always lags the end of a recession, so expect that number to keep rising. Delinquency rates on mortgages are still climbing. Commercial real estate may still collapse. There's a lot of risk still out in the system which is why many fear a potential "double dip" if another big shock hits the system (eg credit card default rates keep climbing to a tipping point). Finally, just because the "recession" is over doesn't mean that the recovery has gone very far (if at all). The recovery is a long way off. And, although people say that the market has gained 50% since the bottom...well...it needed to basically double to get back to the peak. Furthermore, the stock market is usually forward looking and 4-6months ahead of the broader economy.

28-09-2009	#4 (permalink)
link VIP Join Date: Jan 2008 Location: Near Chicago Age: 18 Posts: 1,084 Threads: 35 Gallery Uploads: 9 Reputation: 22	My dad is a plumber and has been laid off for a year. It has been the first time he's ever been laid off and he still is no where near the top of the re-hire list. All of his friends who work in construction have been laid off for 2 years or more, and he is surprised he lasted as long as he did. Our house use to be worth around 800 thousand, but now we'd be lucky to sell it for 250 thousand, which is why we haven't sold it. My dad is bidding for building houses for practically free and is getting out bid by a lot. The company he works for is working with the bare minimum amount of workers and is still laying off more. The recession hit hardest on construction and housing, and that's exactly what my dad worked with. I have felt the effects of the recession full force, and it's not easing up yet.

28-09-2009	#5 (permalink)
Fire2box Regular Donor Join Date: Apr 2008 Location: Stockton, California Age: 22 Posts: 4,597 Threads: 62 Gallery Uploads: 13 Wiki Edits: 2 Blog Entries: 6 Reputation: 39	We never would of been in a recession if we never thought we were in one. Well we might of been but people so over reacted about it. Did anyone see the episode of South Park last season when they made fun of the recession. "Money only has power if you let it have power" . http://www.southparkstudios.com/episodes/220760 There's the full episode if you want to watch it.. its very funny and makes great points.

28-09-2009	#6 (permalink)
timmahtherebel Regular Join Date: Feb 2009 Location: United States Age: 18 Posts: 415 Threads: 42 Reputation: 1	I got an Instant Job.. bit like making coffee.. Ever heard of Costco Concierge? I work for them

28-09-2009	#7 (permalink)
Sheila Newbie Join Date: Sep 2009 Location: USA Posts: 8 Threads: 0 Reputation: 0	Is is a gas station?

28-09-2009	#8 (permalink)
Grapejuice Regular Join Date: Sep 2009 Location: England Posts: 226 Threads: 8 Reputation: 1	Costco is a sort of coffee shop thing I know because there are a lot more Costco's than Starbucks in my area of the UK

28-09-2009	#10 (permalink)
MrMcAwesome Regular Join Date: Sep 2008 Location: Ireland Age: 22 Posts: 57 Threads: 2 Blog Entries: 3 Reputation: 2	well in this kneck of the woods the recession is still in full swing