Recession Started Dec. 2007 – as predicted

[sdduuuude]

The concept of a double recession is in my mind lately, with the stock market bounce, plenty of real estate shoppers, and housing starts up.

Maybe we’ll pull out of this one late 2009, flounder for a bit, then back into the hole a year later.

[UCGal]

[quote=kewp][quote=paramount]From Cramer:
3. Enough of the hysteria: there will be no depression.
[/quote]

Oh great, its a sure thing now.

And according to shadowstats, we’ve been in a recession since December 05.

I have to admit, it sure doesn’t feel like one. Things are slowing down a bit in the city, but businesses still seem pretty busy.

Is the worst yet to come?[/quote]

I think how it feels depends on your circumstances. One of my grandfathers made his fortune during the depression. The other saw his ivy league education get thrown away because he graduated in 1930… no jobs.

If you have a job you probably don’t feel it. If you’ve recently lost your job, you know how few jobs there are out there.

My husband’s an architect, recently laid off. Look at the aiasandiego.com website for their classifieds… Typically there would be dozens of job ads. Now there is an office sublet and someone selling drafting tables and printers. It’s grim if you’re unemployed.

[UCGal]

[quote=kewp][quote=paramount]From Cramer:
3. Enough of the hysteria: there will be no depression.
[/quote]

Oh great, its a sure thing now.

And according to shadowstats, we’ve been in a recession since December 05.

I have to admit, it sure doesn’t feel like one. Things are slowing down a bit in the city, but businesses still seem pretty busy.

Is the worst yet to come?[/quote]

I think how it feels depends on your circumstances. One of my grandfathers made his fortune during the depression. The other saw his ivy league education get thrown away because he graduated in 1930… no jobs.

If you have a job you probably don’t feel it. If you’ve recently lost your job, you know how few jobs there are out there.

My husband’s an architect, recently laid off. Look at the aiasandiego.com website for their classifieds… Typically there would be dozens of job ads. Now there is an office sublet and someone selling drafting tables and printers. It’s grim if you’re unemployed.

[UCGal]

[quote=kewp][quote=paramount]From Cramer:
3. Enough of the hysteria: there will be no depression.
[/quote]

Oh great, its a sure thing now.

And according to shadowstats, we’ve been in a recession since December 05.

I have to admit, it sure doesn’t feel like one. Things are slowing down a bit in the city, but businesses still seem pretty busy.

Is the worst yet to come?[/quote]

I think how it feels depends on your circumstances. One of my grandfathers made his fortune during the depression. The other saw his ivy league education get thrown away because he graduated in 1930… no jobs.

If you have a job you probably don’t feel it. If you’ve recently lost your job, you know how few jobs there are out there.

My husband’s an architect, recently laid off. Look at the aiasandiego.com website for their classifieds… Typically there would be dozens of job ads. Now there is an office sublet and someone selling drafting tables and printers. It’s grim if you’re unemployed.

[UCGal]

[quote=kewp][quote=paramount]From Cramer:
3. Enough of the hysteria: there will be no depression.
[/quote]

Oh great, its a sure thing now.

And according to shadowstats, we’ve been in a recession since December 05.

I have to admit, it sure doesn’t feel like one. Things are slowing down a bit in the city, but businesses still seem pretty busy.

Is the worst yet to come?[/quote]

I think how it feels depends on your circumstances. One of my grandfathers made his fortune during the depression. The other saw his ivy league education get thrown away because he graduated in 1930… no jobs.

If you have a job you probably don’t feel it. If you’ve recently lost your job, you know how few jobs there are out there.

My husband’s an architect, recently laid off. Look at the aiasandiego.com website for their classifieds… Typically there would be dozens of job ads. Now there is an office sublet and someone selling drafting tables and printers. It’s grim if you’re unemployed.

[UCGal]

[quote=kewp][quote=paramount]From Cramer:
3. Enough of the hysteria: there will be no depression.
[/quote]

Oh great, its a sure thing now.

And according to shadowstats, we’ve been in a recession since December 05.

I have to admit, it sure doesn’t feel like one. Things are slowing down a bit in the city, but businesses still seem pretty busy.

Is the worst yet to come?[/quote]

I think how it feels depends on your circumstances. One of my grandfathers made his fortune during the depression. The other saw his ivy league education get thrown away because he graduated in 1930… no jobs.

If you have a job you probably don’t feel it. If you’ve recently lost your job, you know how few jobs there are out there.

My husband’s an architect, recently laid off. Look at the aiasandiego.com website for their classifieds… Typically there would be dozens of job ads. Now there is an office sublet and someone selling drafting tables and printers. It’s grim if you’re unemployed.

[carlsbadworker]

[quote=UCGal]If you have a job you probably don’t feel it. If you’ve recently lost your job, you know how few jobs there are out there.
[/quote]

It also depends on the field that you work on. Many people on this site work for technology companies. For IT people, things are not as bad as the previous “mild” recession after the dotcom bust. It was really hard to find technology jobs at that time while the majority of the America were busy taking out equity from their house ATM so they didn’t feel a thing.

[carlsbadworker]

[quote=UCGal]If you have a job you probably don’t feel it. If you’ve recently lost your job, you know how few jobs there are out there.
[/quote]

It also depends on the field that you work on. Many people on this site work for technology companies. For IT people, things are not as bad as the previous “mild” recession after the dotcom bust. It was really hard to find technology jobs at that time while the majority of the America were busy taking out equity from their house ATM so they didn’t feel a thing.

[carlsbadworker]

[quote=UCGal]If you have a job you probably don’t feel it. If you’ve recently lost your job, you know how few jobs there are out there.
[/quote]

It also depends on the field that you work on. Many people on this site work for technology companies. For IT people, things are not as bad as the previous “mild” recession after the dotcom bust. It was really hard to find technology jobs at that time while the majority of the America were busy taking out equity from their house ATM so they didn’t feel a thing.

[carlsbadworker]

[quote=UCGal]If you have a job you probably don’t feel it. If you’ve recently lost your job, you know how few jobs there are out there.
[/quote]

It also depends on the field that you work on. Many people on this site work for technology companies. For IT people, things are not as bad as the previous “mild” recession after the dotcom bust. It was really hard to find technology jobs at that time while the majority of the America were busy taking out equity from their house ATM so they didn’t feel a thing.

[carlsbadworker]

[quote=UCGal]If you have a job you probably don’t feel it. If you’ve recently lost your job, you know how few jobs there are out there.
[/quote]

It also depends on the field that you work on. Many people on this site work for technology companies. For IT people, things are not as bad as the previous “mild” recession after the dotcom bust. It was really hard to find technology jobs at that time while the majority of the America were busy taking out equity from their house ATM so they didn’t feel a thing.

[sdduuuude]

[quote=sdduuuude]The concept of a double recession is in my mind lately, with the stock market bounce, plenty of real estate shoppers, and housing starts up.

Maybe we’ll pull out of this one late 2009, flounder for a bit, then back into the hole a year later.[/quote]

This is looking more and more likely to me. Lots of bloggers out there mentioning L-shaped bottoms, double-recessions and jobless recoveries that lead to another leg down. Just as we hear official word that we pulled out of the current recession, we may already be in another one.

[sdduuuude]

[quote=sdduuuude]The concept of a double recession is in my mind lately, with the stock market bounce, plenty of real estate shoppers, and housing starts up.

Maybe we’ll pull out of this one late 2009, flounder for a bit, then back into the hole a year later.[/quote]

This is looking more and more likely to me. Lots of bloggers out there mentioning L-shaped bottoms, double-recessions and jobless recoveries that lead to another leg down. Just as we hear official word that we pulled out of the current recession, we may already be in another one.

[sdduuuude]

[quote=sdduuuude]The concept of a double recession is in my mind lately, with the stock market bounce, plenty of real estate shoppers, and housing starts up.

Maybe we’ll pull out of this one late 2009, flounder for a bit, then back into the hole a year later.[/quote]

This is looking more and more likely to me. Lots of bloggers out there mentioning L-shaped bottoms, double-recessions and jobless recoveries that lead to another leg down. Just as we hear official word that we pulled out of the current recession, we may already be in another one.

[sdduuuude]

[quote=sdduuuude]The concept of a double recession is in my mind lately, with the stock market bounce, plenty of real estate shoppers, and housing starts up.

Maybe we’ll pull out of this one late 2009, flounder for a bit, then back into the hole a year later.[/quote]

This is looking more and more likely to me. Lots of bloggers out there mentioning L-shaped bottoms, double-recessions and jobless recoveries that lead to another leg down. Just as we hear official word that we pulled out of the current recession, we may already be in another one.

[Author]

Posts