They finally said the D word on TV
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They finally said the D word on TV
| Tue, 10-21-2008 - 8:15pm |
Yes they finally are starting to say Depression and not Recession on TV. I am always watching On the Money on CNN and also the show after it with that guy named Donnie (can not remember his last name)
I didn't see it night before last but it seems Cramer was on as a guest and that is what started this Depression talk. Cramer is saying that the worse has not come yet.


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http://money.cnn.com/2008/09/17/news/economy/colvin_recession.fortune/
Ditto the PP. The economy may be in a downturn and sharp correction, but it hasn't met the literal definition of recession yet, and it's nowhere near a depression.
But whipping out that D word is going to keep a lot of panicky people glued to CNBC to find out what they're saying. And screaming-banshee Jim Cramer is a ratings wh*re who will say and do anything to stay relevant, and statements like his only make everything worse. People actually listen to him and then panic, which makes his statements a sort of self-fulfilling prophecy.
There was a really great article in Newsweek about 2 weeks ago about this.
http://www.newsweek.com/id/163478?tid=relatedcl
I have this problem with mine The day before we are suppose to get paid He goes to the supermarket. I have like 20.00 in the bank and there he goes You and I both know there is no way a person is going
I agree. The media does nothing but skew things to suit their political agenda and cause undue panic. Just a few weeks ago, we had a gas shortage where I am b/c everybody freaked out and filled up their tanks even if they were mostly full. I had no gas in my car for a couple of days b/c of it. I wouldn't believe everything you hear on tv or read, as far as reporters go. The best thing to do is study the market and understand basic economics. And regardless of recession or not, being in debt is still being in debt. It wouldn't make it better if the economy was in tip-top shape.
That is why it's important for us to all get off this board so they can close it down! =)
JMHO
prada
Yes they love seeing
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