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The Scuppers This is a new forum for the not necessarily fishing related topics...

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Old 10-09-2008, 08:08 PM   #1
Nebe
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what do you mean ' recession bigfish? this country has been in a recession for years. A false economy was created to hide the recession. Now we face the wake up call..
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Old 10-09-2008, 08:27 PM   #2
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"false economy" = consumer consumption fueled by easy money ... and sharply higher gov't spending.

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Old 10-09-2008, 08:29 PM   #3
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greenspan
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Old 10-09-2008, 08:31 PM   #4
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Thats my point...they keep saying we are not nor have been in a recession.....what a joke!

Almost time to get our fish on!!!
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Old 10-09-2008, 08:59 PM   #5
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Quote:
Originally Posted by BigFish View Post
Thats my point...they keep saying we are not nor have been in a recession.....what a joke!
hey larry

it's not official until the national bureau of economic research calls it one.

from 2005, we've had a rolling recession in that various sectors like housing and financial services were not doing too well.

now it's spreading to the rest of the economy.

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Old 10-09-2008, 09:40 PM   #6
GattaFish
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greenspan
He is a major investor in GOLD,,,,

The only reason I did CD's was because of how I felt about the market.. As far as my bank... They say they are ok,,,

When I am in South Africa next month I will pick up some south african krugerrands

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