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General Category => General Discussion => Topic started by: briann on September 15, 2011, 04:47:13 PM

Title: Moodys: Double Dip Recession Chance: 40%
Post by: briann on September 15, 2011, 04:47:13 PM: They used to think it was less than 5%. I personally think its 100%. This just goes to show most economists dont see things until they already happend.

http://www.marketwatch.com/story/chance-of-new-recession-at-40-moodys-analytics-2011-09-15?reflink=MW_news_stmp

By Mia Lamar

Europe's sovereign debt crisis and low levels of business and consumer confidence continue to threaten the tenuous U.S. economic recovery, leaving the chance of a fresh recession at 40%, according to Moody's Analytics.

Moody's Analytics, a sister company to credit-ratings company Moody's Investors Service, said a "virtual standstill" in U.S. economic growth, including a sharp slowdown in job creation, poses stiff challenges for economic recovery in the U.S.

"This is not sustainable. Unless spirits improve soon, businesses will ramp up layoffs, consumers will pull back and the economy will fall into another recession," said Chief Economist Mark Zandi.

Zandi added he believes a fresh downturn can be avoided provided policymakers work to restore confidence.
Title: Re: Moodys: Double Dip Recession Chance: 40%
Post by: Yaakov Mendel on September 15, 2011, 04:55:41 PM: I suppose Obama will tell us that there needs to be even more budget deficit and public spending to buoy up the weak economy !
Title: Re: Moodys: Double Dip Recession Chance: 40%
Post by: Confederate Kahanist on September 15, 2011, 06:01:27 PM: Quote from: Yaakov Mendel on September 15, 2011, 04:55:41 PM
I suppose Obama will tell us that there needs to be even more budget deficit and public spending to buoy up the weak economy !

Let's have a $8,000,000,000,000 stimulus this time.
Title: Re: Moodys: Double Dip Recession Chance: 40%
Post by: muman613 on September 15, 2011, 06:22:02 PM: Obama and Economics do not go together...
Title: Re: Moodys: Double Dip Recession Chance: 40%
Post by: briann on September 15, 2011, 06:30:04 PM: Quote from: Confederate Kahanist on September 15, 2011, 06:01:27 PM
Let's have a $8,000,000,000,000 stimulus this time.

With 8 trillion, Obama can create about 100 temporary jobs.
Title: Re: Moodys: Double Dip Recession Chance: 40%
Post by: Confederate Kahanist on September 15, 2011, 06:36:15 PM: Quote from: briann on September 15, 2011, 06:30:04 PM
With 8 trillion, Obama can create about 100 temporary jobs.

80 billion per job :::D
Title: Re: Moodys: Double Dip Recession Chance: 40%
Post by: muman613 on September 15, 2011, 06:40:19 PM: Quote from: Confederate Kahanist on September 15, 2011, 06:36:15 PM
80 billion per job :::D

Plus change...
Title: Re: Moodys: Double Dip Recession Chance: 40%
Post by: syyuge on September 16, 2011, 09:26:15 AM: What happened to the transformer and the transformation that was supposed to happen after the elections... OMG, whatever happening now is the transformation.
Title: Re: Moodys: Double Dip Recession Chance: 40%
Post by: Confederate Kahanist on September 16, 2011, 02:33:42 PM: Quote from: syyuge on September 16, 2011, 09:26:15 AM
What happened to the transformer and the transformation that was supposed to happen after the elections... OMG, whatever happening now is the transformation.

I can say this

Even though the Republicans won the house last election thought they're still in the minority.
Title: Re: Moodys: Double Dip Recession Chance: 40%
Post by: Kahane-Was-Right BT on September 18, 2011, 04:10:41 AM: 40% eh?
Ill take that bet.