Fru-Gal Friends

Subject: Im confused,,,,again Thu 03 Apr 2008, 4:24 pm

Are we headed for a recession,,or are we IN a recession or not at all?
This week I have seen parts of the daily newspaper where it dosent have any good news on the front pages.Mondays paper was about the prices going up ,,some as high as 30 percent like eggs and milk.Tuesdays paper was about over 1 million homes have been foreclosed on.ONE MILLION,,can you believe that...how many people is one million homes now homeless.....Wednesday paper said truckers were going on strike because of high desiel fuel cost,,,which if they do that,,that means more food and extras will go up more! Then todays paper was about a airline going bankrupt and closing,,surprising everyone.
Then I read on yahoo news that they are saying most Americans think we are in recession but its just something that has been blown out of proportion. m so confused,,cant believe any thing anymore!

Subject: Re: Im confused,,,,again Fri 04 Apr 2008, 6:01 am

Everyone else is just as confused as me I guess! Smile

Subject: Re: Im confused,,,,again Fri 04 Apr 2008, 6:03 am

IMHO - The government wants us all to believe we are not in a recession, however I do believe we are!
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Vicki

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Moderator Age : 27 Joined : 12 Oct 2006 Posts : 1790

All I know is we are struggling more than ever and a trip to the store makes me want to throw up! Things are not good!!!
I don't think I care what the government says...my checkbook tells the truth! LOL

Subject: Re: Im confused,,,,again Fri 04 Apr 2008, 7:49 am

Well, the economic definition of a recession is:

The decline of the GDP ( Gross Domestic Product- total of all goods and services produced in a country in a given year) for 2 consecutive quarters.

At this point, it is still difficult to determine if we are in a recession due to the housing and mortgage debacle. It has been predicted that this country will fall into a recession late 2007 to early 2008 with a recovery by the end of 2008. Factor in that we are now a global economy and not the powerhouse we use to be decades ago, the jury is still out on this.

I guess it gets down to the old saying:

If your neighbor is out of work, it's a recession. If you're out of work, it's a depression.

Studying economics for all those years does have it's advantages.

Subject: Re: Im confused,,,,again Sun 06 Apr 2008, 10:58 am

I strongly agree with Vicki....there are many things going on that the government keeps from the general population...
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Love is a fruit, in season at all times and within the reach of every hand. Anyone may gather it and no limit is set. ~ Mother Teresa

Subject: Re: Im confused,,,,again Sun 06 Apr 2008, 11:22 am

I agree with Vicki and Kim .. people are hurting

Sissy said it best " your neighbor is out of work, it's a recession. If you're out of work, it's a depression. '

These alot of depression in the country right now .
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Gayla

"They take great pride in making their dinner cost much; I take my pride in making my dinner cost so little."

---Henry David Thoreau (1817-1862)

Subject: Re: Im confused,,,,again Mon 07 Apr 2008, 7:57 am

I think there's a lot more to the depression that just job lost. People just seem down. They don't smile or say hello like they used to. So much is changing and so rapidly. It's hard to keep up anymore.

I thought this time of my life would be slower, more relaxed. I'm working harder and doing more now than when I was in my 20's and 30's. It can get tiring some days.

I hope things work out for people. The American dream seems to be becoming the American Nightmare.

Subject: Re: Im confused,,,,again Mon 07 Apr 2008, 11:19 am

well after this wee I think we al know its something it just not normal people dont have the money for house , or food , or gas .
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Gayla

"They take great pride in making their dinner cost much; I take my pride in making my dinner cost so little."

---Henry David Thoreau (1817-1862)