The "recession" that never happened.

Discussion in 'Economics' started by scriabinop23, Aug 5, 2008.

  1. hey we agree on something!:cool:
    #11     Aug 5, 2008
  2. Mvic


    Early days yet.
    #12     Aug 5, 2008
  3. The question is not if the US is going into a recession, but if you personally are going into a recession.

    I just met the other day a person who flipped 7 houses and is loaded with cash. This person is not going into a recession.

    However, there are all those young college grads that live in NYC and got fired from the investment banks now unemployed nearly 6 months. They are going through a recession.

    So I think there is a recession, but only some people are going through it.
    #13     Aug 5, 2008
  4. S2007S


    Flipped 7 houses, when in 2004 or 2005????

    Houses near me arent selling, most have been sitting for months, a few for over a year.

    As for those college grads who thought it was cool to work on wallstreet because they thought money grew on trees and greed was a way of life are finally waking up to reality. Least they didnt have to see the dot com bubble this time around.
    #14     Aug 6, 2008
  5. What area are you located in? One of the hotspots FL, AZ, NV?
    #15     Aug 6, 2008