Comments on: Recession http://swampland.blogs.time.com/2008/12/01/recession/ A blog about politics. Wed, 09 Dec 2009 02:44:51 +0000 http://wordpress.com/ hourly 1 By: vwcat http://swampland.blogs.time.com/2008/12/01/recession/comment-page-1/#comment-25322 vwcat Tue, 02 Dec 2008 00:23:10 +0000 http://timeswampland.wordpress.com/?p=8637#comment-25322 I think most of the people knew that a year ago and wondered why they kept denying it. I think most of the people knew that a year ago and wondered why they kept denying it.

]]> By: nibblybits http://swampland.blogs.time.com/2008/12/01/recession/comment-page-1/#comment-25315 nibblybits Mon, 01 Dec 2008 23:54:01 +0000 http://timeswampland.wordpress.com/?p=8637#comment-25315 When George W. Bush was inaugurated on 1/20/2001, the Dow hit 11388.44; today it hit 8149.09. When George W. Bush was inaugurated on 1/20/2001, the Dow hit 11388.44; today it hit 8149.09.

]]> By: exile500 http://swampland.blogs.time.com/2008/12/01/recession/comment-page-1/#comment-25311 exile500 Mon, 01 Dec 2008 23:38:09 +0000 http://timeswampland.wordpress.com/?p=8637#comment-25311 Once Mitt gets in as Auto Czar, this recession will be over, tout de suite. Once Mitt gets in as Auto Czar, this recession will be over, tout de suite.

]]> By: 53_3 http://swampland.blogs.time.com/2008/12/01/recession/comment-page-1/#comment-25302 53_3 Mon, 01 Dec 2008 22:39:26 +0000 http://timeswampland.wordpress.com/?p=8637#comment-25302 Did we win the Vietnam war yet? Did we win the Vietnam war yet?

]]> By: cfukara http://swampland.blogs.time.com/2008/12/01/recession/comment-page-1/#comment-25300 cfukara Mon, 01 Dec 2008 22:37:17 +0000 http://timeswampland.wordpress.com/?p=8637#comment-25300 And it is also said that one pic is worth many words. [And that 'insight' must have come from one of the more than half of Americans - a group populated heavily by the hard-working, very hard-working disciples of Hillary Clinton - who read no literary works ..] And it is also said that one pic is worth many words.
[And that 'insight' must have come from one of the more than half of Americans - a group populated heavily by the hard-working, very hard-working disciples of Hillary Clinton - who read no literary works ..]

]]> By: cfukara http://swampland.blogs.time.com/2008/12/01/recession/comment-page-1/#comment-25291 cfukara Mon, 01 Dec 2008 22:20:30 +0000 http://timeswampland.wordpress.com/?p=8637#comment-25291 A year! It is said that one can tell the health of the economy by how high the ladies' hemlines are riding. Now, be a sport, JNS. How about a full pic in the Swampland lineup? A year!
It is said that one can tell the health of the economy by how high the ladies' hemlines are riding.
Now, be a sport, JNS. How about a full pic in the Swampland lineup?

]]> By: Cliff http://swampland.blogs.time.com/2008/12/01/recession/comment-page-1/#comment-25287 Cliff Mon, 01 Dec 2008 22:08:21 +0000 http://timeswampland.wordpress.com/?p=8637#comment-25287 jayackroyd - I didn't know that, about how recessions are defined. That makes this make more sense, but I still feel like there were a fair amount of people saying "Don't worry about it" or "there's still a chance we'll recover." jayackroyd - I didn't know that, about how recessions are defined. That makes this make more sense, but I still feel like there were a fair amount of people saying "Don't worry about it" or "there's still a chance we'll recover."

]]> By: jayackroyd http://swampland.blogs.time.com/2008/12/01/recession/comment-page-1/#comment-25284 jayackroyd Mon, 01 Dec 2008 21:48:36 +0000 http://timeswampland.wordpress.com/?p=8637#comment-25284 BTW, I did chat with head of the NBER, James Poterba, in October. . Archive is here. . http://inworldstudios.com/vs/ . It's in ascending chronological order. that interview is third from the bottom. BTW, I did chat with head of the NBER, James Poterba, in October.
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Archive is here.
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http://inworldstudios.com/vs/
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It's in ascending chronological order. that interview is third from the bottom.

]]> By: palininatowel http://swampland.blogs.time.com/2008/12/01/recession/comment-page-1/#comment-25280 palininatowel Mon, 01 Dec 2008 21:16:40 +0000 http://timeswampland.wordpress.com/?p=8637#comment-25280 Jay, I think you folks need a new section titled: <i>News of the Obvious</i> . I expect the next item on that page (following the "We're in recession" story) will be: . <blockquote><b>Nation just discovers that Bush left White House in July; hasn't been back</b></blockquote> Jay, I think you folks need a new section titled: News of the Obvious
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I expect the next item on that page (following the "We're in recession" story) will be:
.

Nation just discovers that Bush left White House in July; hasn't been back

]]> By: jayackroyd http://swampland.blogs.time.com/2008/12/01/recession/comment-page-1/#comment-25275 jayackroyd Mon, 01 Dec 2008 20:43:10 +0000 http://timeswampland.wordpress.com/?p=8637#comment-25275 <i>OMG we've been in a recession for a year!"</i> The NBER's rule of two consecutive down quarters means that the earliest it can call a recession is about 7 months into it. While this is something the news people trump up, the purposes of these declarations are really research oriented not policy oriented. The Fed is looking at many other indicators of economic activity. OMG we've been in a recession for a year!"

The NBER's rule of two consecutive down quarters means that the earliest it can call a recession is about 7 months into it. While this is something the news people trump up, the purposes of these declarations are really research oriented not policy oriented. The Fed is looking at many other indicators of economic activity.

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