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Old 07-12-2008
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iamwhatiseem iamwhatiseem is online now
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Pays too much in taxes

 
Member Since: Mar 2004
Location: Indiana
Posts: 12,572

United_States     Indiana

Re: A recession or not??

Well let's see...the stark market as a whole may top $3,000,000,000 (that's trillion) in losses this year, it is over $2.5 in the first 5 months.
The past largest company in the world is near bankrupt.
All but one German mass lending institution would have collapsed, ALL OF THEM - if not for the Fed 3 digit $billion bailout.
July may be the worse month yet in layoffs.
By the end of this year it is highly likely the layoff number will reach 1,000,000.
The real estate market has broken several records of all time, namely the highest number of houses for sale in history.
Steel, paper and plastics have ALL seen dramatic decrease in sales and up to 35% increase in prices.
Fuel is at a all time high
Bellwether industries such as shipping, advertising, printing, and small business spending are in significant deficits over PYTD.

Nah...everything is fine.
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