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Warren Buffett . . .. . .. #278450
04/28/08 01:16 PM
04/28/08 01:16 PM
Joined: Sep 2002
Posts: 10,850
Beautiful San Marcos, Texas
E
Ernie B Offline OP
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Ernie B  Offline OP
E
Said today (on CNN) that "the recession may be longer and deeper that he first thought". We have been in a recession for at least 6 months. Most people know that, except the administration, which will only admit to a "Slow Down" Geeze


Gun Control is Hitting Your Target.
Re: Warren Buffett . . .. . .. [Re: Ernie B] #278588
04/29/08 10:34 AM
04/29/08 10:34 AM
Joined: May 2000
Posts: 3,280
Virginia
Barbara K Offline
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Barbara K  Offline
and remember Ross Perot when he said we would hear a big "sucking sound" as all the US jobs went overseas....and that gas would reach $4/gallon. Hmmm...funny the people who get ridiculed as nut jobs...

Re: Warren Buffett . . .. . .. [Re: Barbara K] #278591
04/29/08 10:41 AM
04/29/08 10:41 AM
Joined: Nov 2002
Posts: 3,484
San Pedro
S
Sir Isaac Newton Offline
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Sir Isaac Newton  Offline
S
So....that's means I'm not crazy Barbara?


Check out my site: www.ambergriscayerealestate.net
Re: Warren Buffett . . .. . .. [Re: Sir Isaac Newton] #278605
04/29/08 11:55 AM
04/29/08 11:55 AM
Joined: Feb 2007
Posts: 1,740
Las Vegas, NV
deadserious Offline
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deadserious  Offline
Technically nationwide we are not in a recession. A recession by definition requires two continuous quarters of reduction in growth. In fourth quarter of 2007, there was higher growth than the third quarter of 2007.

However, there are several parts of the US where they have locally been in recession... but it is nearly always the case that someone is in a recession somewhere.


Now back to your regularly scheduled drivel...
Re: Warren Buffett . . .. . .. [Re: deadserious] #278611
04/29/08 12:37 PM
04/29/08 12:37 PM
Joined: Sep 2002
Posts: 10,850
Beautiful San Marcos, Texas
E
Ernie B Offline OP
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Ernie B  Offline OP
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Nationwide; fuel up, food up, unemployment up, utilities up, home foreclosures up. Interest income down, housing prices down, consumer confidence down, savings down. And, we havent seen the bottom yet. You are correct in that it takes two consecutive down quarter's for an "official' recession. I have spoken to a number of respected economists over the past several months and the consensus is, we are in a recession regardless of what the Fed says. Of course, that's just my opinion.


Gun Control is Hitting Your Target.
Re: Warren Buffett . . .. . .. [Re: Ernie B] #278619
04/29/08 01:39 PM
04/29/08 01:39 PM
Joined: Feb 2007
Posts: 1,740
Las Vegas, NV
deadserious Offline
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deadserious  Offline
I'm not saying that this won't be called a recession after q2's numbers come in, but at this time, we are by definition in a slow-down and not a recession... You can't blame the government for being technically correct when they say such.


Now back to your regularly scheduled drivel...
Re: Warren Buffett . . .. . .. [Re: deadserious] #278624
04/29/08 02:10 PM
04/29/08 02:10 PM
Joined: May 2000
Posts: 3,280
Virginia
Barbara K Offline
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Barbara K  Offline
SIN, not IMO! ;-)

Re: Warren Buffett . . .. . .. [Re: Barbara K] #278625
04/29/08 02:20 PM
04/29/08 02:20 PM
Joined: Sep 2002
Posts: 10,850
Beautiful San Marcos, Texas
E
Ernie B Offline OP
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Ernie B  Offline OP
E
Well, if it looks like a duck . . . . . . . you know the rest smile


Gun Control is Hitting Your Target.
Re: Warren Buffett . . .. . .. [Re: Ernie B] #278645
04/29/08 04:57 PM
04/29/08 04:57 PM
Joined: Feb 2007
Posts: 1,740
Las Vegas, NV
deadserious Offline
.
deadserious  Offline
If it looks like a duck and tastes like chicken then it's tofu?


Now back to your regularly scheduled drivel...
Re: Warren Buffett . . .. . .. [Re: deadserious] #278648
04/29/08 05:42 PM
04/29/08 05:42 PM
Joined: Sep 2002
Posts: 10,850
Beautiful San Marcos, Texas
E
Ernie B Offline OP
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Ernie B  Offline OP
E
YUUUK !


Gun Control is Hitting Your Target.
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