Is a Dbl. Dip Recession Comming?

iVillage Member
Registered: 11-27-2009
Is a Dbl. Dip Recession Comming?
159
Tue, 08-24-2010 - 5:22pm

In early August Greenspan said that the only thing that would cause a double dip recession would be a drop in housing prices.

Pages

iVillage Member
Registered: 02-28-2010
Tue, 08-24-2010 - 5:32pm
I doubt it - but I'm sure that's what many conservatives are hoping - it makes good politics!!!
iVillage Member
Registered: 03-10-2010
Tue, 08-24-2010 - 5:40pm
The trends aren't looking good for a recovery, and we're probably looking either at a very, very slow recovery or a double dip.

~OPAL~   onoz_omg2.gif OMG ONOZ image by KILLER_BOB11694

iVillage Member
Registered: 09-08-2006
Tue, 08-24-2010 - 6:18pm

<>

Neither party has done much at all to address the volatile market. Nothing is going to change with "too big to fail" or the bubbles, speculations and market problems until it is acknowledge as the problem.

<>

Agree

 

iVillage Member
Registered: 08-14-2010
Tue, 08-24-2010 - 8:21pm

"I doubt it - but I'm sure that's what many conservatives are hoping"


There's no need to hope anything when the primary focus of this administration is bailing out teachers and auto

iVillage Member
Registered: 01-22-2000
Tue, 08-24-2010 - 8:48pm

Hmmm, conservatives WANT the economy to get worse than it is???


Not this one.

iVillage Member
Registered: 01-22-2000
Tue, 08-24-2010 - 8:51pm

I think I might agree with just about everything here...so, one of us better look out...


I would be more willing to concede for tax increases if some REAL, HONEST effort at job creation in the private sector

iVillage Member
Registered: 01-22-2000
Tue, 08-24-2010 - 8:53pm
I have the overly simplistic view that we could have conquered the "too big to fail" mentality by allowing them to fail. I have had that belief and continue to adhere to it.
iVillage Member
Registered: 03-10-2010
Tue, 08-24-2010 - 9:04pm
I think that the $237 billion wasted in those individual tax cuts could have been used to tackle major infrastructure jobs (storm drains, roads, water supply, etc.) and employ lots of people doing much-needed work. That just didn't happen, but there's no turning back. The reason why I think infrastructure jobs would be helpful is because my son's company had several small jobs (retrofitting schools, replacing heating/cooling systems, repairing plumbing) which kept my son employed for the last year. He works for a private company, but the actual job done was for the school system. My son, in turn, bought his car, bought clothes, ate in restaurants, etc. which helped out the associated industries and services. The employees of those industries/services then could get a paycheck and buy clothes, cars, etc. It is a cycle.

~OPAL~

~OPAL~   onoz_omg2.gif OMG ONOZ image by KILLER_BOB11694

iVillage Member
Registered: 03-10-2010
Tue, 08-24-2010 - 9:10pm
If those banks failed and took everybody's 401K/IRA savings and major pension plans with them, how would that have been good? Millions of employees have no other retirement program than their 401K's, IRA's and pensions. I know that my DH's 401K took a major hit, and at his age (62), it will be hard to make up the loss, especially since his company closed his division and laid of 400 employees in February. Imagine being in that position - 62 years old, damaged 401K, losing health insurance, no employment on the horizon. Sometimes decisions made, like rescuing the financial sector, are not popular, but are necessary.

~OPAL~

~OPAL~   onoz_omg2.gif OMG ONOZ image by KILLER_BOB11694

iVillage Member
Registered: 02-28-2010
Tue, 08-24-2010 - 9:11pm
yeah - those darn "thugs."

Pages