Quote:
Originally Posted by FirstClass
Recession? Falling stock market != recession. Look at the GDP, we are sure as hell not in a recession and the Fed needs to slap themselves for the knee-jerk inter-meeting cut they made. I'd rather have a recession than inflation.
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Recession is what you make out of it and means differently to different people. Recession is basically defined as 2 consecutive quarters of declining GDP. There may be other interpretations, but it really doesn't matter. It basically means you still have the same purchasing power, but you are not exercising that option. (sorry, using too many common market terms) Sure, inflation means everything cost so much and you can't even affort it if you want it. So now, the economy of the world really depend on us to spend. I think that is about it in a nut shell, and in less than 100 words. Growth is almost inevitable due to the biology of population expansion...until we hit critical mass environmentally. Anyways, that my opinion.