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Seattle Bubble Forum Archive • View topic - We are OFFICIALLY in a RECESSION

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We are OFFICIALLY in a RECESSION

How will housing affect the US and world economy? How will the economy affect housing?

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We are OFFICIALLY in a RECESSION

Postby aldreth » Fri Sep 07, 2007 6:21 am

http://www.bloomberg.com/apps/news?pid= ... refer=home


Economists surveyed by Bloomberg News had forecast that payrolls rose 100,000 during the month, the actual number... -2k

This is the first time in 4 years we have experienced negative job growth. The numbers everywhere point to a crash. Even if the FED steps in now, it will not matter short term, the markets must react accordingly.

I believe the markets will lose 300 or more today, depending on the FED's injections.
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Postby The Tim » Fri Sep 07, 2007 7:14 am

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Postby finance » Sat Sep 08, 2007 8:46 am

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Postby perplexd » Sun Sep 09, 2007 7:29 pm

“Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” - Daniel Webster
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Postby Denny Retrograde » Fri Oct 19, 2007 10:20 am

Thanks for noticing, MSM! Of course, no local story yet outside of Real Change, but at least a local paper printed this AP piece.
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