Are we going to another recession?

[Mr impossible]

I think it is going to happen, at this pout of time. We haven't even recovered at all from the last one 2 years ago. We still have above 9% unemployment, our debt is pretty bad, the housing market continues to fall. The stock market has been a rollercoaster lately decreasing 3% one day then increasing 3%, it's very volatile. All signs are pointing to yes. Bank of America and other banks Might crash just like Lehman Brothers, I mean now Bank of America is charging like 10$ to use your debit card, something must be going on for them to do this. Greece is going to default on it's debts and that might be a domino effect leading to the defaults of Portugal, Ireland, Spain and even Italy. What do you think?

Interesting video, it talks about Greece's debt also the EU and the US at the end.
http://m.youtube.com/index?desktop_uri=/&gl=US#/watch?v=W8AAyUHrTMU

 

[Meeder1]

The US has been in a recession since December of '07, so yes, we have been, and still are in a recession.

 

[Bubba Fuzz]

As stated, we haven't really left the one we were just in. Personally I think things are getting a bit better and we should be alright soon but that's just my guess.

 

take for example your in a lake. You row 20 feet fill up a bucket of water and row another 100 feet and dump the water in the lake. You look like your doing something but your really not doing shit. its gonna take 5+ years and a whole lot of restructure. unemployment is 14% where i live btw florida got rocked... and i mean were fked. =) not a job to be found.

OT: in order to have a another recession, wouldnt we have to end the first 1.....?

 

[PubStar Life]

We have been in one for like 3-4 years now.