Korean Job Discussion Forums

Cartman · Joined: 30 Jun 2009

http://www.bnn.ca/news/13302.html

Unreal... the media is going to lead the poor masses into even more debt. Spend spend spend!! Leverage yourself! Buy a bigger house and an SUV that takes high octane fuel to park in the driveway Shocked

mc_jc · Joined: 13 Aug 2009 Location: C4B- Cp Red Cloud, Area-I

If that were true, then why is the government issuing another round of unemployment benefits for another 7 weeks?

Cartman · Joined: 30 Jun 2009

I never even mentioned the government... I'm talking about the media.

Goldman Sachs downgraded their GDP estimates a few days before. They probably loaded up, then the GDP numbers come out "surprisingly better than expected" spurring a nice market rally. It's pure manipulation; along with the media spinning it as the end of the recession....

During the great depression of the 30s, GNP grew for 6 out of those 10 years. Between 1934-1937 the economy grew at an average of 8.5% per year... now, was the depression over? Not a chance. Unemployment still skyrocketed after that.

So I think it's premature for the 'media' and analysts to say the "recession is over". Do your own research and protect your money. Don't fall for this propaganda...

kg2095 · Joined: 23 May 2009 Location: Hwaseong City

steveinincheon · Joined: 14 Jul 2009 Location: in The Shadows of Gyeyangsan

Growth won't continue - at least not at the rate that it did for the 3rd quarter. Most of this increase is a direct result of stimulus related programs that have already or will soon run out. For example auto sales were up over the summer because of the clash for clunkers program, but September saw a sharp decline in auto sales after the program expired. The recession is not over, this is merely the eye of the storm.

Moldy Rutabaga · Joined: 01 Jul 2003 Location: Ansan, Korea

Marking the unofficial end of the great recession. It is one metric applied for one short period of time. It's good, certainly, but it does not tell us anything significant either way.

Reggie · Joined: 21 Sep 2009

That the S&P is barely over a thousand despite the trillions poured in by the government says a lot. A lot of business owners are saying that after the Christmas shopping season, they're closing down. The government will print a bunch of money in an effort to keep the music playing, and they actually have to since the Fed is buying a big chunk of the ever larger auctions of Treasury debt. We need to raise interest rates, but we can't without pushing the housing market off the edge of the cliff because of adjustable mortgages. I don't understand why people are buying stocks, especially US dollar denominated stocks, instead of hard assets.

youtuber · Joined: 13 Sep 2009

I really don't see how the US is going to get out of this. They got powerful by making things, namely cars. Now what do they do? What is their next big industry that will save them? Nothing.

Look at China. Why are they getting so powerful? Because they make things that people want to buy.

mc_jc · Joined: 13 Aug 2009 Location: C4B- Cp Red Cloud, Area-I

Many states have been recording at least 9% unemployment- so how is the recession over?

sjrm · Joined: 27 Jul 2005

Small businesses are what usually drive down unemployment. But, with banks not lending, which is the biggest issue, how can they actually do anything without a line of credit? No money to make or do anything. No money or need for more people. Sort of the same with larger corporations. If people aren't buying cause they have no money or access to credit, the less they will grow, and the less need they have for more employees.

mc_jc · Joined: 13 Aug 2009 Location: C4B- Cp Red Cloud, Area-I

The biggest indicator of whether the recession is over or not will be Black Friday (the Friday after Thanksgiving Day)- the biggest shopping day of the year.
If sales are good, then we can say "the recession is over".

Rusty Shackleford · Joined: 08 May 2008

These two graphs are pretty damning. GDP is up because govt is spending lots of funny money. That isn't growth, though.

http://www.cato-at-liberty.org/2009/10/30/the-death-of-private-investment/

swinewho · Joined: 17 Aug 2009

http://www.guardian.co.uk/business/2009/nov/02/globalisation-financial-markets-reforms

http://www.guardian.co.uk/world/2009/nov/01/detroit-michigan-economy-recession-unemployment

http://www.businessinsider.com/henry-blodget-dont-be-snookered-by-that-35-gdp-report-2009-10

xingyiman · Joined: 12 Jan 2006

The Obama admin is going to try and spin this until he is in the same position as Hoover was. America is flat out tired of jobless recoveries (G.W. Bush) or minimum wage recoveries (Bill Clinton). The economy sucks regardless of how some alligator shoe'd wanker on Wall street is doing.