punjabi_khota Posted October 5, 2009 Posted October 5, 2009 The best of us get it wrong :kxipparty::kxipparty:.
Ram Posted January 29, 2010 Author Posted January 29, 2010 US economy grew by 5.7% in the last QTR of 2009, far above the analysts' expectations of 4.5-4.7% Unemployment has remained steady at around 10% In general terms, a recession is one when you have two consecutive quarters of negative growth, so I presume since the US has now clocked up 2 consecutive quarters of positive growth, it is probably safe to assume they're out of the recession.
Guest Gunner Posted January 29, 2010 Posted January 29, 2010 US economy grew by 5.7% in the last QTR of 2009, far above the analysts' expectations of 4.5-4.7% Unemployment has remained steady at around 10% In general terms, a recession is one when you have two consecutive quarters of negative growth, so I presume since the US has now clocked up 2 consecutive quarters of positive growth, it is probably safe to assume they're out of the recession. Can I brag saying I told you so. :P
Ram Posted January 29, 2010 Author Posted January 29, 2010 Can I brag saying I told you so. :P :hatsoff:
Online Posted January 30, 2010 Posted January 30, 2010 we are not out of this mess, not by a long shot
Desi Cartman Posted January 30, 2010 Posted January 30, 2010 lol @ rest of the world , Australia didnt even have recession :yay: .. BTW the property prices are increasing way more than inflation. for ex : a house worth 80k in 1990, 150k in 2000 , 350k in 2007 and now over 550k. I dont know where its heading but its unusual, BTW I feel like a dickhead for not buying property couple of years ago as I was waiting for the big BUST. Didnt happen and now i iz fecked :sniffle:
gs Posted January 30, 2010 Posted January 30, 2010 Yeah, US stock markets have consistently tanked since the beginning of the new year. Hope the worst is behind us, cant take this sh.t anymore!!
Lurker Posted January 30, 2010 Posted January 30, 2010 In general terms, a recession is one when you have two consecutive quarters of negative growth, so I presume since the US has now clocked up 2 consecutive quarters of positive growth, it is probably safe to assume they're out of the recession. Not yet. A key point to remember is that the last 2-3 years the economy was down with negative growth. Hence there is always a chance that even if the economy grows at a fraction the net growth becomes lot more. Kind of like it is easy for a company of revenue $10M to grow at 25% than for a $200B to grow at that rate. I hope I am kind of making sense. Purely from job numbers things have not changed. Market has started to pick up for sure but since almost 10 million jobs were lost it would take about 5 or so years to just get the job market to where it was. I wish I was more optimistic. xxx
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