Recession Is Official

lyke ohemgee wut iz a recezzion

It means you aren't getting the barbie dollhouse you wanted for Xmas.

OMG this recession is going to be So Fuckign RAD!

Hell yeah it is! It's like a big fun water slide! (If at the bottom of the water slide is a pool of shit.)

I've felt this recession going on in the summer. Fuck you recession, you make my life really hard.

I bet Hillary is upset the news of the recession is overshadowing her big appointment to Secretary of State.

I bet she's more upset that you are calling her Hillary instead of Madame President.

You wouldn't believe the things she lets me call her when the two of us are alone together when Bill is away.

Ha!

Haha gross!

I felt this recession a-comin' a long ways off. In my knee joints.

Screw the recession. Gas prices are lower than they've been in years. I'm happy as a pig in shit!

I call her Madame bitch, or Hitlery. Mock the statists!

But yeah, some stupid show on tv I watched in Naples pointed out how stocks went up when Obama spoke optimistically of the economy, a man who currently has no power over anything, but gives people enough confidence to risk their investments.

What a fraud this fiat system is. Glass house.

A recession is good for opportunity--if you have the means. But, I can't find a fuckin' job. ARHGGAJdkfa;

You're too close to Rhode Island! There was just an article on MSN that said Rhode Island has like 9% unemployment, yet cops are still hiring...oy.

Become a cop. Or head westward, like a fiat gold rush!

I can't be a cop! OR can I.......
"hey, i see your smoking some tree. get the fuck outta here before I FEEL like arresting you!!"
"Umm--Umm, yes sexy officer lady!" Yeah, I can be a cop.

From everything I've read, the recession is basically only happening on the coasts.

Midwest ho!

well, there's always prostitution...

'Wal-Mart and places like that' do 'the tests'.

Friend of mine...kind of a former friend now since he doesn't really talk to anyone anymore, just failed a p-test at Wal-Mart and we all laughed.

My friend Clogston who works there, gets a call outta the blue from Harry. They haven't spoken for like 6 months cuz Harry just stopped communicating with people. So Clogston picks up the phone, "Harry, how ya been man, it's good to hear from you.."

"Oh yeah, you too bud, just real quick, I need to know if if there's any secret to passing the piss test at Wal-Mart."

Why does people be like that?

Giggan, what does fiat money have to do with the fact that the stock market seemingly reacted to Obama's speech?

I toted up my investing losses today. I lost over $6,000 in the last year.

if you can't get a job because you can't pass a pee test then that's your own fault, not because of any recession.

I could pass a pee test but no one has called me to give me an interview. I know it's kind of useless to try to find anything until after the first of the year now though - I'll wait it out.

It's partially the fault of gov't for creating a problem out of none. Marijuana the most common detectable drug, yet its not incredibly harmful.

You can be a coc head, as long as you're not currently blown while you take the test, you'll pass. Alcohol, the most dangerous drug known to man, yet socially accepted, is undetectable after 24 hours to common tests. Granted, alcohol is likely so dangerous because it is socially accepted, but it still am.

Fiat creates arbitrary value. Investors are judging the likely grant of value over the actual value (which is nill), and is how the government is responsible for the boom and bust cycles of the US economy. With hard currency, values don't grossly fluctuate, thus you don't bank on what they'll call a dollar in the future, you bank on the dollar for what its worth.

That's retarded and incorrect. Under a hard currency regime, stock prices would have reacted the same way. Regardless of the form of currency, a well-functioning capital market will rapidly integrate information. Obama's speech was likely interpreted as signaling something new about his future administration's policies.

Under hard currency, in a free society, there are no rulers but those who's money is invested. The new dictator's words would have meant nothing, because there would be no dictator.

The currency is the basis of the economic system. You're ignoring that fiat currency's value is arbitrary, and that's what investors are banking on. How much the value will drop. It's what causes interest rates to fluctuate.

It's about to be more official, or more recession!

http://www.rrstar.com/news/x1772969241/Obama-meets-with-governors

We'll cut taxes...and spend more!

Now that's Utopian...I smell debt.

See what I mean about arbitrary value? More money in the system=each FRN worth less. The government is teaching trickle-down irresponsibility.

It isn't the government's fault we bought houses we couldn't afford, and got ourselves into credit debt.

I didn't buy houses. I've got some debt on my card, but its manageable.

I question your understanding of economics. None of what you said explains how the existence of a fiat currency caused the stock market to move due to Obama's speech. You basically just said inflation is factored in the nominal interest rate and that's what investors are "banking on." That's meaningless.

Yeah, well...

http://freedomworks.org/crisis/

"That's a bold statement."
-John Travolta

Speeches would not affect values of dollars with real money. Only money, investment, capital would. Masters shouldn't exist, either, but that's neither H nor T.

How so, Jän Joks Russo?

I got up, made myself a cup of coffee, and check the headline of the New York Times and was immediately depressed. The top headline is "Jobless Rate Soars to 6.7% in November". Other headlines are "Frank Sees ‘Disaster’ if Auto Industry Fails" and "Workers Give Up". It's really starting to hit me that this really is the worst economic disaster since the Great Depression, so, in other words, it's the worst economic disaster of most of our lives.

Also from the NY Times this morning. But, then I am on my second cup of coffee.

Strangers May Cheer You Up, Study Says

..happiness is more contagious than previously thought.

Now that was just kind of a smartass comment, because the economy is indeed in bad shape. I'm feeling the squeeze myself. Though yesterday I filled my tank for less than $40 for the first time in what feels like years?

EDIT: Real link.

Many retailers are expected to file bankruptcy after the holiday season too. That means more jobs lost!

You're a fraud. Please don't talk about economics again, as it's glaringly obvious you've scavenged half-rotten bits of knowledge from fringe blogs.

You didn't answer my question either.

Most places get loans from banks to cover their inventory for Kwanzaa, then pay it back with the returns. With an unpredictable amount of sales, they don't borrow to risk having debt, thus the banks don't see incoming funds either, and it goes to shiite from there.

Dude, accourding to business books, the financial situation should be conscidered a deppression a long time ago. But thell that to the politicians....

Hahaha.

Depp-ression.