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#11 | |
Ride Like an Asshole
Join Date: Feb 2008
Moto: nothing...
Posts: 11,254
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#12 |
Trip's Assistant
![]() Join Date: Feb 2008
Location: Imported from Detroit
Moto: 2009 HD Street Classic
Posts: 12,149
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Not bankrupcy... but this would rock for US
http://www.twowheelfix.com/showthrea...3834#post73834 |
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#13 |
I'm home take me drunk
Join Date: Mar 2008
Location: Champaign, IL
Moto: 2005 SV650s blue
Posts: 430
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its all semantics... what exactly defines a depression or a recession?
__________________
Memento mori |
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#14 | |
Letzroll
Join Date: Feb 2008
Location: Lake Norman area, NC
Moto: 07 Red R1 & 07 Blue R6
Posts: 5,265
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#15 | |
Moto GP Star
Join Date: Feb 2008
Posts: 12,156
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#16 | |
Letzroll
Join Date: Feb 2008
Location: Lake Norman area, NC
Moto: 07 Red R1 & 07 Blue R6
Posts: 5,265
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#17 |
Letzroll
Join Date: Feb 2008
Location: Lake Norman area, NC
Moto: 07 Red R1 & 07 Blue R6
Posts: 5,265
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#18 | ||
Trip's Assistant
![]() Join Date: Feb 2008
Location: Imported from Detroit
Moto: 2009 HD Street Classic
Posts: 12,149
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#19 |
Ride Like an Asshole
Join Date: Feb 2008
Moto: nothing...
Posts: 11,254
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Ok, just checked some facts... We are NOT in a recession. A recession is defined as two consecutive quarters of negative economic growth... The 2nd quarter of '08 we saw a 1.6% growth... Since we are on the cusp of the 4th quarter, we are not in a recession.
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#20 |
I'm home take me drunk
Join Date: Mar 2008
Location: Champaign, IL
Moto: 2005 SV650s blue
Posts: 430
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"A depression is any economic downturn where real GDP declines by more than 10 percent. A recession is an economic downturn that is less severe.
By this yardstick, the last depression in the United States was from May 1937 to June 1938, where real GDP declined by 18.2 percent. If we use this method then the Great Depression of the 1930s can be seen as two separate events: an incredibly severe depression lasting from August 1929 to March 1933 where real GDP declined by almost 33 percent, a period of recovery, then another less severe depression of 1937-38. The United States hasn’t had anything even close to a depression in the post-war period. The worst recession in the last 60 years was from November 1973 to March 1975, where real GDP fell by 4.9 percent. Countries such as Finland and Indonesia have suffered depressions in recent memory using this definition." but really it doesnt matter if the GDP is 9.9% down or 10.1% down, so using these terms that the media keeps talking about is not very useful. looking at the numbers makes more sense. |
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