Re: Coming recession to be longer than usual

2008-02-11 Thread Andrew Grosset
Here is another wonderful Bush quote: President George W Bush said that the annual report indicated "that our economy is structurally sound for the long term and that we're dealing with uncertainties in the short term". The US economy will grow in 2008 at a similar pace to last year, the White

Re: Coming recession to be longer than usual

2008-02-11 Thread Sam
Odd how none of those articles support the first one. Did you even see the last one: Recession looks more certain, but it may be short On Feb 11, 2008 11:46 AM, William Bowen <[EMAIL PROTECTED]> wrote: > It's not just one guy (ok, maybe that article was about one guy): > > From Google News > http

Re: Coming recession to be longer than usual

2008-02-11 Thread Vivec
Uhh...Trinidad's currency is pegged to the US dollar. The Central Bank refuses to revalue our currency, which should now actually be higher than the US Dollar. The US is one of our larger trading partners. A US Recession will have very far reaching impact and will send ripples throughout the wor

Re: Coming recession to be longer than usual

2008-02-11 Thread William Bowen
It's not just one guy (ok, maybe that article was about one guy): >From Google News http://afp.google.com/article/ALeqM5gynScg8hVcbpA_TErwQoXDQFxaBQ http://www.informationweek.com/news/showArticle.jhtml?articleID=206401778 http://www.boston.com/business/articles/2008/02/10/staples_sees_recession_w

Re: Coming recession to be longer than usual

2008-02-11 Thread Sam
One guy: The director of the Reuters/University of Michigan consumer sentiment survey said on Friday Here's a different guy: 'I am a huge bull on the U.S. economy' http://www.financialpost.com/story.html?id=291469 On Feb 11, 2008 11:12 AM, William Bowen <[EMAIL PROTECTED]> wrote: > > If Reuters s

Re: Coming recession to be longer than usual

2008-02-11 Thread William Bowen
> If Reuters says we're in a recession it has to be true. Reuters reporting on a finding in a report doesn't make it Reuters "saying" we're in a recession. > I thought you were in Trinidad A US recession doesn't/wouldn't stop at US borders. If a portion of the Trini economy is supported by tour

Re: Coming recession to be longer than usual

2008-02-11 Thread Sam
If Reuters says we're in a recession it has to be true. I thought you were in Trinidad On Feb 11, 2008 10:23 AM, Vivec <[EMAIL PROTECTED]> wrote: > http://www.reuters.com/article/bondsNews/idUSN0826726720080208?sp=true > > "NEW YORK (Reuters) - The U.S. economy has entered a recession that > wi

Re: Coming recession to be longer than usual

2008-02-11 Thread Vivec
The term of whomever comes into power is going to be extremely rough apparently. :-\ I wonder what exactly they meant by 'longer than usual'. I'm reading that some analysts are predicting a 7 year recession. Looking at the trends from previous recessions including the 1948 -49 recession it seems

Re: Coming recession to be longer than usual

2008-02-11 Thread William Bowen
> Yup. > we're all f***ed. And, just so everyone is clear, the economic downturn is all *[insert name of next President here]*'s fault! :-) -- will "If my life weren't funny, it would just be true; and that would just be unacceptable." - Carrie Fisher ~~

Coming recession to be longer than usual

2008-02-11 Thread Vivec
http://www.reuters.com/article/bondsNews/idUSN0826726720080208?sp=true "NEW YORK (Reuters) - The U.S. economy has entered a recession that will be more painful and drawn out than the usual downturn, the director of the Reuters/University of Michigan consumer sentiment survey said on Friday. Infla