Where's the recession?...

[thegamerslink]

http://www.foxbusiness.com/story/mar...ands--quarter/

[Thanol]

Does this take into account the declining value of the dollar? Someone should do some growth figures adjusted against the Euro or any other currency for that matter. In raw dollar terms we may be growing, but in relative terms I highly doubt it.

In the past three months the Euro has gained 5% in value over the dollar.

EDIT: I forgot that's what Purchasing Power Parity GDP is for. I wonder what those numbers will say.

[thegamerslink]

Walt Disney just announced a 22% income gain over last year that is a gain of over 1.8 billion dollars......News Corporation just announced a 16% increase in 3Q earnings. These don't follow suit with a recession or even an economic slow down. Both of these companies Disney being one of Entertainment and Newscorp making theirs from Advertising would be among one of the first to start seeing slow downs and losses as those are typically the first places consumers and business begin to tighten the belts so to speak.

So beyond the Housing fiasco and the high gas prices do we really have a major problem?

[iastaff]

Although the dollar may be declining in world value, its not as low-strength as many may think. There are multiple countries that actually use the U.S. dollar among their own national currency as their money of preference. One of those countries is none other than Panama itself. I think the declining dollar is a temporary set back only. I really do not see a recession coming, at least not a full blown one as in the 20's.

[thegamerslink]

I'm seeing it like this, my views aren't views based on political parties although this will sound like it lol......firstly the credit crisis i.e. housing fiasco is more over than beginning...meaning we are in the recovery process and it's not as bad as it was.....the cost of gas....that is the biggest problem at the moment and hopefully there will be a way found to help alleviate it soon one way or the other......Supply and Demand of oil, if we don't increase our own abilities to get oil i.e. drill off the coasts such as in th gulf and in the atlantic, start drilling in Anwar and also build a new refinery, while at the same time we continue to research and implement new and improved power techniques.

What you can probably expect though is this, this is an election year, the congress is held by a democrat majority who is desperate to seize the White House. So the tax cuts that were so successful at alleviating the economic strain are not going to be made permanent, mostly because they were not the idea of the Democrats. This in itself is putting a strain on the economy. The market doesn't particularly care for democrats and does tend to not thrive as well when they are in power....If a Democrat takes the Presidency they have both already called for higher taxes as part of their economic plan mix that with the cancellation of the current tax cuts and we are instantly in a recession if not a full on depression......and if you think the dollar is low now wait till something like that happens

[dbinto]

You're basing your info on a story from Fox? Its a Murdoch filter view of reality.

Just go looking at the foreclosure market. Its real.

[thegamerslink]

You're basing your views strictly on one market that is troubled by the poor decisions of Banks and Mortgage companies that ok'd loans to people they knew shouldn't get it and of people that knew they were buying outside of their means. You can't base an entire economy on the mistakes of a few, not to mention the impact is not as severe as what is the general assumption, what is it like 1 in 20 or something like that?

[homebizseo]

The receswsion is all around you. Small businesses are closing up at a faster rate than ever before.