RadioRaheem84
8th August 2011, 23:42
http://finance.yahoo.com/news/Second-Recession-in-US-Could-nytimes-2428475539.html?x=0
If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around.
No, really? You don't say?
Given the tumult of the Great Recession, this may be hard to believe. But the economy is much weaker than it was at the outset of the last recession in December 2007, with most major measures of economic health — including jobs, incomes, output and industrial production — worse today than they were back then.
Hard to believe? I think we lived through enough turmoil to understand just how hard it can be out there and how fragile everything is.
Plus, did the media just think that people were not going to research this at all and come to their own conclusion about the economy? Did they think we did not know this was coming and that we were just going to sit around and wait for the news media to tell us when the next recession is coming?
Nervous about the future of the economy, corporations are reluctant to make big investments like hiring. As a result, they are sitting on a lot of cash.
So they now admit that these companies have the money? Something that was barely reported on in the mainstream and relegated to the business press.
Don't ya just hate the brazen way they report things?
If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around.
No, really? You don't say?
Given the tumult of the Great Recession, this may be hard to believe. But the economy is much weaker than it was at the outset of the last recession in December 2007, with most major measures of economic health — including jobs, incomes, output and industrial production — worse today than they were back then.
Hard to believe? I think we lived through enough turmoil to understand just how hard it can be out there and how fragile everything is.
Plus, did the media just think that people were not going to research this at all and come to their own conclusion about the economy? Did they think we did not know this was coming and that we were just going to sit around and wait for the news media to tell us when the next recession is coming?
Nervous about the future of the economy, corporations are reluctant to make big investments like hiring. As a result, they are sitting on a lot of cash.
So they now admit that these companies have the money? Something that was barely reported on in the mainstream and relegated to the business press.
Don't ya just hate the brazen way they report things?