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Amazon building an air hub..do you think they can make ups go down?
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<blockquote data-quote="Overpaid Union Thug" data-source="post: 3865069" data-attributes="member: 198"><p>That's precisely how it went down in 2008. The media was crying recession after less than two months decline of GDP. Based on the definition of recession alone it was, and is, irresponsible to claim there is a recession at that point. </p><p></p><p>Roughly 70% of economic growth is consumer spending so when irresponsible and/or politically driven individuals and "news" outlets are convincing the average Joe, who can't think for themselves, that a recession is coming they tend to spend less. So, the economy is wrecked by said irresponsible individuals convincing ignoramuses that they should spend less. Which is the very thing that fuels the economy. </p><p></p><p>And that's basic economics and common sense.</p></blockquote><p></p>
[QUOTE="Overpaid Union Thug, post: 3865069, member: 198"] That's precisely how it went down in 2008. The media was crying recession after less than two months decline of GDP. Based on the definition of recession alone it was, and is, irresponsible to claim there is a recession at that point. Roughly 70% of economic growth is consumer spending so when irresponsible and/or politically driven individuals and "news" outlets are convincing the average Joe, who can't think for themselves, that a recession is coming they tend to spend less. So, the economy is wrecked by said irresponsible individuals convincing ignoramuses that they should spend less. Which is the very thing that fuels the economy. And that's basic economics and common sense. [/QUOTE]
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Amazon building an air hub..do you think they can make ups go down?
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