Where is the recession? Show me ?

[HedgefundTrader2]

Quote from tradestrong:

argghh...you see...this is exactly where you are demonstrating your ignorance. The "technical" definition of a recession is not what economists really use. You can be in a recession and have positive growth. Your "real" growth may be negative while your growth numbers show a positive growth. Basically, you're not outpacing inflation, thus you are actually contracting.

Secondly, there is a maximum output potential. If as an economy, you don't match the maximum potential, you are contracting. Again, your GDP may actually be growing, but the growth doesn't match the potential. An increasing unemployment figure is testament to an economy that isn't growing at its potential. Therefore, logically, you are contracting.

Has it ever occurred to your gloomy outlook that all the actions by Feds, Treasury and Congress are already taking control if there is anything as such called a recession?

I can tell you I am getting measly returns on my cash in money market accounts and would have to put it to work in equities pretty soon, fueling more buying and higher numbers on DOW and SPX. Those chart tearing days are gone, but they may come back so I am hedged.

Where is your sense of balance and healthy mind set?

 

[The Swordsman]

where is YOUR balance and healthy mindset. You are all the way over to one side and arent seeing things for what they are.

You are in need of a mindset adjustment.

Quote from HedgefundTrader2:


Where is your sense of balance and healthy mind set?

 

[HedgefundTrader2]

Quote from The Swordsman:

where is YOUR balance and healthy mindset. You are all the way over to one side and arent seeing things for what they are.

You are in need of a mindset adjustment.

Where is your recession? Show me a single negative quarter of economic growth in the US since 2002?

After 200 posts in this thread no one can prove that we are in a recession? That is very poor..very weak.

 

[HedgefundTrader2]

Quote from The Swordsman:

where is YOUR balance and healthy mindset. You are all the way over to one side and arent seeing things for what they are.

You are in need of a mindset adjustment.

I am sure next thing you will do is short and tear up charts in your hissy fit of hopelessness and anger. That is what happened in last 3 months, punishing your own country's well being and wealth. Good job morons!

 

[Cocaine]

Bro, there a MULTITUDE of data suggesting we are headed for a recession. You just keep wearing those blinders like the horses pulling the carriages in central park.

Oh and that employment # yesterday was REAAAAALLLLLY bullish LMAO!!

Quote from HedgefundTrader2:

Where is your recession? Show me a single negative quarter of economic growth in the US since 2002?

After 200 posts in this thread no one can prove that we are in a recession? That is very poor..very weak.

 

[The Swordsman]

Real mature, you are nothing more than a glorified crybaby. You whine and moan when someone flings insults at you as if you are so damn mature but then you just as quickly stoop down and do the same thing.

You are a sad sad man my friend. When the recession data does come in you are going to look like such a tool for all your ranting and raving on here

Quote from HedgefundTrader2:

I am sure next thing you will do is short and tear up charts in your hissy fit of hopelessness and anger. That is what happened in last 3 months, punishing your own country's well being and wealth. Good job morons!

 

[HedgefundTrader2]

Quote from The Swordsman:

Real mature, you are nothing more than a glorified crybaby. You whine and moan when someone flings insults at you as if you are so damn mature but then you just as quickly stoop down and do the same thing.

You are a sad sad man my friend. When the recession data does come in you are going to look like such a tool for all your ranting and raving on here

Where is your recession? Show me a single negative quarter of GDP since 2002?

I repeat this since you side stepped this question entirely and did not answer.

 

[shortie]

Payrolls shrank by 80,000, more than forecast and the third monthly decline, the Labor Department said today in Washington. The jobless rate rose to 5.1 percent, the highest level since September 2005, from 4.8 percent.

``This is the final blow,'' said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York. ``It's clear the U.S. economy is in a recession. That's going to shake the confidence of investors and companies across the world and cause people to curtail spending in other countries.''
http://www.bloomberg.com/apps/news?pid=20601068&sid=anqMggKRbpbg&refer=home

does not mean the market can't keep going higher from here.

 

[limitdown]

Quote from HedgefundTrader2:

Thank you for your emotional musing, but economist do not measure recession that way. Subjective criteria " how you feel" does not counts. These are feelings and emotions.

Show me a single negative quarter of economic growth in GDP since 2002 and than we'll have a starting point, until than its all negative sentiment, pessimism, and poor outlook in life.

Mr. Mind Over Matter, when you step down from your Hummer at the local Golf Club, and tip those servants there, if you care to listen to their stories, you will find the recession. If you interfaced with real people, not traders like us, pumped up on the steriods of money, you will find the recession. Not some emotional feel bad effect or otherwise, real stories, real peoples.

The technical definition of recession is meaningless unless there are proponents who continue to suggest the technical definition is all that is required to confirm massive job losses, declining (average person, uh, middle class) wages, lost and losing homes through foreclosure, and the other factors that evidently you aren't feeling, or experiencing.

One of my best B School professors (they're no longer teachers at that level) used to say the definition of recession is relative to one's perspective. For most persons in the US today, the (figurative) meter has hit the TILT side, and some are calling these horrid conditions as depression era conditions, way past recession.

Bernake took that same technical definition when testifying before congress this week, and the Senators, who certainly in all their wealth are NOT FEELING anything, but their phones, consituents (who control their job status rating and election prospects) certainly are "feeling" this recession thing and demanding action.

Most would say Bernake is in denial, as well as delusional in choosing to stand on protocol and ceremony over this issue of recognising present conditions as recession.

I don't have the time, because I am busy handling trades, and quite appreciative that I am still in business / employed. However, I choose to identify with the little persons, and they're certainly not feeling as rosey as guys like those making comments like yours.

 

[TRAS]

Well if the dollar is going up and oil prices down. He is wrong about a pending recession. If the bond market is stable and not going into junk bond statis You are correct about the stable economy.
With out above condition being under control it is down from here no matter what your fighting about>>>> Peace.

Goldman sac was doing so well that the goverment approved a sale of the company because the financial sector is doing sooooo very well! Look at those numbers!