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Here come the layoffs
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<blockquote data-quote="FAVREFAN" data-source="post: 318700" data-attributes="member: 13078"><p>I understand what's being said here. The historical definition of a recession is 2 quarters/6 months of negative economic growth. o.k. but let's say we are in month 2 right now......so technically it hasn't been 6 months.......so it's not real unless it's six months in the past allready? Come on. Please. Let's not split hairs. It may or may not become an official recession but it is so close it doesn't make a difference. Everyone is seeing it across the board. I've never seen so many sectors affected at the same time as now. Hopefully the stock market recovers, crude goes down, the banks can sustain liquidity, inflation is held in check, the housing industry can get off it's knees and the dollar can recover. We are in a perfect storm and it will take at least 2 of these above things to happen to start a turnaround.</p></blockquote><p></p>
[QUOTE="FAVREFAN, post: 318700, member: 13078"] I understand what's being said here. The historical definition of a recession is 2 quarters/6 months of negative economic growth. o.k. but let's say we are in month 2 right now......so technically it hasn't been 6 months.......so it's not real unless it's six months in the past allready? Come on. Please. Let's not split hairs. It may or may not become an official recession but it is so close it doesn't make a difference. Everyone is seeing it across the board. I've never seen so many sectors affected at the same time as now. Hopefully the stock market recovers, crude goes down, the banks can sustain liquidity, inflation is held in check, the housing industry can get off it's knees and the dollar can recover. We are in a perfect storm and it will take at least 2 of these above things to happen to start a turnaround. [/QUOTE]
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Here come the layoffs
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