More proof that the ACTUAL recession never ended.

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As a hardworking and honest American, who wouldn't take a dime unearned except out of complete humbleness and humility I am fearful for the future of our great country. Our elected leaders are incompetent and are out of touch with the people. Our country does not live by the same standards that apply within the households of its own people. I can only hope that something is done to set us on the right course....because this nations children and future generation do not deserve to be left with a mess. Any man alive today who is moral would want nothing more than to leave future generations with a strong and sound currency, nation and future.
 
Originally Posted By: whip
Did anyone think it actually ended?


The general sheeple think so (EVEN THOUGH MOST ARE SUFFERING financially) because the

"boob tube" told them so.

After all they are too busy watching IMPORTANT THINGS like football, baseball, Pawn Stars, and Honey Doo Doo to have anytime time left for unimportant stuff like serious financial issues.
 
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Of course recession didn't end and won't end anytime soon. The government hides it by downplaying real inflation and the nominal numbers are not adjusted enough.

The recession will only end when demographic situation improves in the next generation or we somehow magically find cheap energy again.
 
Originally Posted By: GROUCHO MARX
It's not a recession until your boss sacks YOU!


The saying actually goes:
recession when your neighbor loses job, depression when you lose job.

Still recession for me.
 
The biggest problem is the policy put forth by all of our elected officals is driven by their agenda, rather than what is best for the country. All have also forgotten the golden rule of compromise, it has all become political one upsmanship, and we are the ones who suffer, then they try tell us how they can relate to our problems, even thought they are completely sheltered from it. There is no one good place to get your news form. You have to look at different sources, because yes, all media outlets also have their agenda too. The media scares me more than our government. Controlling the masses are more important than reporting the facts.
 
My experience has been that some people who complain about media bias are themselves very biased. They seem to just want to read/hear/watch editorials with a slant that they agree with, which they can then call "news."

If a person is very biased and doesn't want to try to look at things objectively, than any news that tries to be centrist or objective will appear biased from their perspective.

Some people also just don't know that much about journalism and reporting, so they think some things are news, when they're really biased editorials. Things that try to be truly informative news would then appear biased to them.

I'm not claiming I'm some media expert, I should add.

I'm not trying to point any fingers at anyone in this thread, I'm just encouraging people to think a little more about the whole news issue and look more objectively at the sources they consider "biased," because they might find some informative and useful information there.
 
To add to that Stephen, someone who claims a source is not biased are likely biased in the same direction as the source.
 
Originally Posted By: AVB
To add to that Stephen, someone who claims a source is not biased are likely biased in the same direction as the source.


Not necessarily. Not everything is part if some grand biased conspiracy.
 
The real numbers to see is not the fuzzy numbers like transaction volume or dollar amount, but rather traffic congestion, electricity usage, freight cargo volume, scrap steel and scrap paper price, etc.

All others are numbers that can be manipulated, including interest rate, oil price, inflation, unemployment, tax rate, weather, CO2 concentration, gun ownership, crime rate, etc.

In my local area, the traffic congestion is coming back slowly since the dot com bust, and rental cost reflect that as well.
 
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Originally Posted By: dparm
The vast majority of the "large" newspapers (and media companies in general) carry heavy biases. A person needs to read from multiple sources to make sure they are seeing all the sides to a story.


Almost any media is biased in some way. I absolutely agree one must sift through a lot to find the real story.

Also of note is the way the media will ignore certain stories almost completely.
 
Originally Posted By: antiqueshell
Originally Posted By: whip
Did anyone think it actually ended?


The general sheeple think so (EVEN THOUGH MOST ARE SUFFERING financially) because the

"boob tube" told them so.

After all they are too busy watching IMPORTANT THINGS like football, baseball, Pawn Stars, and Honey Doo Doo to have anytime time left for unimportant stuff like serious financial issues.


Add "Texting" to that list.

One of the greatest things ever invented to essentially eliminate a human's concentration.
 
This is the new normal. High unemployment, high taxes,huge public debt. And like Europe headed towards a triple dip recession.

This country needs across the board real cuts. Instead of doing it gradually now we will have to cut at a time when we're much weaker economically.
 
Originally Posted By: antiqueshell
Latest reports from ShopperTrac.com say that original estimates of retails holiday sales increasing 3.3% have now been revised WAY down to just 0.7%. The lowest numbers since the beginning of the recession of 2008.

Just more proof that the smoke and mirrors economy that the powers that be want to manufacture is suffering more than ever.

I'm thinking that we are in for a borderline depression by next summer or fall.


I have to admit that your posts are great for the entertainment value provided. It's worth the BITOG admission price just to get a good laugh from them.
 
Originally Posted By: SteveSRT8

Also of note is the way the media will ignore certain stories almost completely.


Yup! Like a lie of omission.
frown.gif
 
^^^Just depends who you ask. There are also media reports of record returns, as in people bringing their stuff back!

Anyone who believes our economy is recovered is in for quite a shock this coming year when the big re-recession will more than likely happen!
 
Originally Posted By: SteveSRT8
^^^Just depends who you ask. There are also media reports of record returns, as in people bringing their stuff back!

Anyone who believes our economy is recovered is in for quite a shock this coming year when the big re-recession will more than likely happen!


Right. This "recovery" was built on shifting sand.
 
Originally Posted By: SteveSRT8

Almost any media is biased in some way. I absolutely agree one must sift through a lot to find the real story.


It's much worst than that. Do a Google search for "NBC's Dateline and exploding Chevy pickup gas trucks". NBC was caught with their hand in the cookie jar. And they are not the only ones doing it.

http://whatreallyhappened.com/RANCHO/LIE/nbc.html
 
Originally Posted By: friendly_jacek
Originally Posted By: GROUCHO MARX
It's not a recession until your boss sacks YOU!


The saying actually goes:
recession when your neighbor loses job, depression when you lose job.

Still recession for me.


In that case, we've been through 1 depression and 2 recessions in the past 4 years.

Sounds about right.
 
It may meet the technical definition of a recovery, but as many of you state, where the rubber hits the road is what is important.

I have heard some older terms resurfacing over the past few years:

Jobless Recovery
Stagflation

Recession merely refers to decrease in the GDP over a specified time period. For most of us that is meaningless, but if the news you hear causes you to change your spending habits it can be self-fulfilling prophecy. I believe we have seen a lot of that lately, including in the hiring market.
 
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