Question for Double Dippers....

Still calling for a Double Dip? When is it no longer a double dip and simply a second recession? If we have a recession in 2017 will you come raceing to the board and start screaming... "See I told you so."?
 
Jarod said:
Still calling for a Double Dip? When is it no longer a double dip and simply a second recession? If we have a recession in 2017 will you come raceing to the board and start screaming... "See I told you so."?
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Well, a new recession now would definitely be a double dip, in my book. There has to be at least some resemblence of real recovery, if not prosperity, in between, and we're still digging out of the 1st one.
 
Onceler said:
Well, a new recession now would definitely be a double dip, in my book. There has to be at least some resemblence of real recovery, if not prosperity, in between, and we're still digging out of the 1st one.
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But these guys have called for a double dip at least three times so far... it did not happen, so when does President Obama get credit for preventing the "double dip" that they kept saying was imminent and inedvedable?
 
On a technical basis, it would not be a double dip as we have had too many quarters of positive (although anemic) growth. That said, I would agree with Onceler.... there should be some real recovery in between for it to be a new recession vs. a double dip.

That said Jarod.... what is your position?
 
Superfreak said:
On a technical basis, it would not be a double dip as we have had too many quarters of positive (although anemic) growth. That said, I would agree with Onceler.... there should be some real recovery in between for it to be a new recession vs. a double dip.

That said Jarod.... what is your position?
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My position on when its a double dip or a new recession? I really dont know, if you say technically it would not be one, I guess I would go with the technical defination and say a new recession would be just that, not a double dip.

I feel fairly sure that barring anything unforseen we will not see a recession anytime soon, I suspect that the anemic recovery we are in now will very slowly grow for several years untill inflation and interest rates kick us down again. But I thought we would have seen much more inflation and higher interest rates by now.... I was wrong on that one.
 
The Dude said:
I say inspite of Obama
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I understand your position. Im sure that is the position they are going to take also. But, the way I see it, if it was as inevitable as they said, and it did not happen, the group that owns 2/3rds of government should get some credit.
 
Darla said:
http://www.huffingtonpost.com/2011/10/27/us-gdp-q3-third-quarter-2011_n_1034606.html

Doesn't look like there's going to be a double dip. This report is good news.
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It's great news, but I have learned to be cautious on this stuff. There have been about 5-6 days in the past 6 months where the news was like this, and the feeling was that we were getting out of the woods finally. Usually, the next day or week, there'd be a new story about "worries over Greece" or job losses or foreclosures that would change the whole mindset.

But, I'm good with having some cautious optimism now....
 
Jarod said:
Those of you who were predecting a double dip recession..


Since you thought we were heading in that direction and it did not happen, will you give President Obama credit for preventing it?
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I thought it would rain today but it didn't happen....should I give the weatherman credit for preventing it ?
 
Jarod said:
Dont upset the Cons... They are dying for it... Hell, just two months ago they were so excited.
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Thats as stupid as claiming Conservatives want dirty water to drink, and smog to breathe and potholes to ride on.....

The only thing Conservatives are worried about is preventing Obama and liberal/socialists from making things worse than they are....that in itself is a kind of recovery.
 
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Jarod said:
Dont upset the Cons... They are dying for it... Hell, just two months ago they were so excited.
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Jarod, the Economist, which I think most people would agree is a pretty main stream magazine, has had multiple covers in the last couple of months dealing with the economy including asking how to deal with the sickly world economy and will there be a double dip in America. So it's not just some partisan conservatives who have had asked this question. And as I stated yesterday as one who is in the job market unless you work in tech the economy is not booming so if your argument is the economy is all nice and fine right now go out and look for a job for sh*ts and giggles.
 
What industry has Obama not attacked. The economy is the sum of all businesses. I give Him some credit for increasing regulation, and some blame for trying to pick winners and attacking so many industries thus creating uncertainty.
 
I thought I was going to be asked whether or not I consider the health of others at all when I choose to double dip, when I saw the title of this thread. :D
 
Onceler said:
Well, a new recession now would definitely be a double dip, in my book. There has to be at least some resemblence of real recovery, if not prosperity, in between, and we're still digging out of the 1st one.
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That's pretty much how I would see it. I sure hope we don't have one, but really, I think we may be in one right now.

I've had you tell me I had no hopes for Obama. But that isn't true. I have hoped from the beginning that the economy would turn around regardless of who is in office. I like being a powerful rich nation that owns 1/4 of the planet just by breathing...

Time to get our swagger back.
 
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