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We are already in a RECESSSION... not going into ONE... FACT!!!!
and it aint gonna be any smoother for the coming months years....
We are in a recession already... NOT "we might be headed for a recession" On this note I will be going on a vacation retreat for one week with my bros and expensing it all. |
Juicy,
A Recession is defined as two back to back quarters of negative growth. I am not denying that the country is in for some hard times but technically you can not call it a recession yet. Further more as a young adult, I find that these times are going to be easier for the young with no investments then the people who seem to have investments. Let me explain. Right now I am currently living with my girlfriend and we share a combined income. We currently rent, and are currently both paying off our cars. In two years both our cars will be payed off, and the only real expense that we will be paying is rent. For us these past few months have gotten easier for us. Gas is going down, things are becoming cheaper to buy, rent has gone down, and sure enough the house market is finally affordable for someone like her and I. So we will see what happens. |
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True the defintion is what u said but in reality in these times.... you gotta admit lots of peeps are fucked |
I myself have to cut down on my tanning sessions from 4x per week down to 3c per week now
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http://www.economist.com/finance/dis...ry_id=12207987 http://money.cnn.com/2008/05/05/news...sion/index.htm |
:pimp
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good articles :pimp |
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FACT: you bore us
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Things must be tough if these are the measures you're taking!!! :helpme This situation is so different to 1987 as well when it all happened in 3 days, now we have major instability with confidence affecting all markets over a sustained period :Oh crap |
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