Economic Worst Is Over?
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Even if we do get those 7 million jobs back, there will still be millions more people looking for jobs that weren't back when we had those jobs, but hey I'm a pessimist.
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Rock...I totally agree with you. Things aren't getting better; as a matter of fact, they will continue to get worse for a LONG TIME to come. Right now, I have hunkered down, and only spend on what I absolutely have to, and I NEVER use any credit cards. I will decide when I think things are better, not the damn analysts.
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At :50 tells the story. This recession is not over because for that to happen there must be actual growth in the economy - and that did not happen. A few companies improving their bottom line by cutting jobs does not constitute economic growth. Proof of that is the GNP (I like the old phrase) did not grow. At least this is what my financial adviser believes as well.
If I'm the Demos, I'd be really careful about saying the hurricane has passed - it might just be the eye passing over us.
2 years ago 2
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Should I pour money into stocks?
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no way is the recession over nor is unemployment at 9.5 its probably around the 12-14 % when u take into cosideration of all the people who arent counted cause they have been out of work for so long
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The stock markets hit OVER 9000! 0:08
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yeah an JFK shot himself
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I totally agree with this. Companies have improved their balance sheet, partially by cutting employees. Recession might be over, but growth will be slow.
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I still dont understand any of this
2 years ago 2
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she'll be coming soon
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CBS must think we are all ignorant. Everywhere I look- "out of business signs" and people are losing their jobs and homes. The extent of the damage inflicted by ruthless politicians, our government reps., and bankers are yet to be seen.
GiovannaNYC 2 years ago 3
Economic Worst Is Over? - Code word for - Maybe if we act like everything is ok, then maybe it will be.
Oh yeah and Unemployment is at 9.5%, but I'm sure if we just close our eyes and pretend like it's only at 6.5% then maybe it won't be that bad after all...
Houses falling 33% but on the upside, banks are no longer making easy loans.. and getting tons of taxpayer money so they won't have to worry about cleaning up the mess they made.
But everything's fine as long as the gov. keeps printing
Crazyglues 2 years ago 3