When will Gummit numbers show recession?

Discussion in 'Economics' started by The Kin2, Jan 17, 2008.

  1. keep in mind the definition of recession is negative real GDP growth for at least 2 quarters. Didn't we just have 4.9% real growth?? ROFLMAO Copters away!
  2. empee


    probably never since inflation # is under-reported.
  3. LoL... Good answer. I would love to call out all those people who said there was no inflation and the CPI and core were accurate measures. Core has been proven to be a total joke with CPI not that far behind.

    Maybe the government is just tring to keep SS benefits low. If that's the case, I can't blame them for the manipulation.

  4. It ain't gonna happen. Fearing the fear itself is a part of anxiety condition that grapples millions of people.
  5. Then how about TIPS for the hard-core! :)

  6. GDP is a lagging indicator, it takes a while for the trends to show up in the data. The Index of Leading Indicators was negative for Oct., Nov., and Dec.

    All the signs are shifting towards recession: unemployment at 5% and rising; retail sales are coming in negative (retail sales were negative in December!); the sharp drop in the ISM from 51 to 47.7 in December was a disaster.
  7. S2007S


    gdp dropping under 2% second half of 2008

    uneployment rises to 5.3-5.5% by second half of 2008.

    consumers make up 2/3 gdp, they are tapped out at this very moment. This will create for a significant drop in GDP over the next 12-18 months.