fly Posted May 9, 2008 Report Share Posted May 9, 2008 Do you feel like we are in a recession or near recession? If so do you see the country bouncing out of it? When? -OR- Do you think the recession will continue to get worse and possibly lead to another depression? I ask this because I'm wondering if I need to re-think my investments. Quote Link to comment Share on other sites More sharing options...
OJR Posted May 9, 2008 Report Share Posted May 9, 2008 Everything, I mean EVERYTHING, goes in cycles! Nothing can keep going up or down forever! Just roll with the punches and in time, it will turn around. Don't watch too much TV and all the "wonderful" different programs about how smart the people on them are. If they were so great, they would all be billionaires! Quote Link to comment Share on other sites More sharing options...
Tominator Posted May 9, 2008 Report Share Posted May 9, 2008 Technically, the economy grew by 6 tenths of a percent last quarter, so technically, the economy is not in a recession. As far as investments, I'd stay away from gold, but long term it's a good time to be buying stock. Quote Link to comment Share on other sites More sharing options...
Texan_Til_I_Die Posted May 9, 2008 Report Share Posted May 9, 2008 The GDP grew during the last quarter, the stock market is up and unemployment dropped. Doesn't sound like much of a recession to me. But keep in mind that there's an election coming up and the MSM wants to see a party change in the Whitehouse, so expect to see plenty of coverage highlighting individuals suffering. Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted May 9, 2008 Report Share Posted May 9, 2008 The GDP grew during the last quarter, the stock market is up and unemployment dropped. Doesn't sound like much of a recession to me. But keep in mind that there's an election coming up and the MSM wants to see a party change in the Whitehouse, so expect to see plenty of coverage highlighting individuals suffering. Good reply. The media would like for people to think we are in or headed into a recession. Quote Link to comment Share on other sites More sharing options...
Guest yoders_hideaway Posted May 9, 2008 Report Share Posted May 9, 2008 Technically, the economy grew by 6 tenths of a percent last quarter, so technically, the economy is not in a recession. As far as investments, I'd stay away from gold, but long term it's a good time to be buying stock. Stocks are currently on sale! Buy Buy Buy Quote Link to comment Share on other sites More sharing options...
stevebeilgard Posted May 9, 2008 Report Share Posted May 9, 2008 no. no recession. only in the liberal press. we are doing well, and things can get better. now, if the libs take over, sell your stock and buy gold. things are going to head south. Quote Link to comment Share on other sites More sharing options...
Snipe Posted May 10, 2008 Report Share Posted May 10, 2008 Good reply. The media would like for people to think we are in or headed into a recession. I agree... Keep telling everyone one that its coming and they will start believing it and clamp down.. Spend no money and push it that way.. Quote Link to comment Share on other sites More sharing options...
Strut10 Posted May 10, 2008 Report Share Posted May 10, 2008 Do you feel like we are in a recession or near recession? "Recession" is not a feelling. It has a specific economic definition which has not yet been met. A recession is 2 consecutive quarters of negative real economic growth or decline in real GDP. Actually, the last round of economic indicators (unemployment & consumer spending) out of Washington were trending upward. But the current price of crude is a big anchor for an economy to drag. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.