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General Category => Off the Record => Topic started by: Admiral Yi on January 29, 2010, 06:55:13 PM

Title: GDP fell by 2.4% in 2009
Post by: Admiral Yi on January 29, 2010, 06:55:13 PM
Wolf Blitzer told me.

I think I predicted 3% drop for the whole recession in Monger's prediction thread.  With 4Q 08 decline I'm probably pretty close.
Title: Re: GDP fell by 2.4% in 2009
Post by: Martinus on January 29, 2010, 06:56:56 PM
Poland's GDP grew by 1.7% in 2009.  :showoff:
Title: Re: GDP fell by 2.4% in 2009
Post by: Alcibiades on January 29, 2010, 07:29:19 PM
Quarter of a decimal point comparatively in GDP to us?  :lol:
Title: Re: GDP fell by 2.4% in 2009
Post by: Ed Anger on January 29, 2010, 07:31:39 PM
Quote from: Martinus on January 29, 2010, 06:56:56 PM
Poland's GDP grew by 1.7% in 2009.  :showoff:

An extra hunk of black bread a week!  :showoff:
Title: Re: GDP fell by 2.4% in 2009
Post by: Jaron on January 30, 2010, 12:25:16 AM
 :showoff:
Title: Re: GDP fell by 2.4% in 2009
Post by: Eddie Teach on January 30, 2010, 03:08:53 AM
You know, you all really should at least center your hand if you're going to lift a barbell one handed. That method is just asking for injuries.
Title: Re: GDP fell by 2.4% in 2009
Post by: Alatriste on February 01, 2010, 02:50:18 AM
Quote from: Peter Wiggin on January 30, 2010, 03:08:53 AM
You know, you all really should at least center your hand if you're going to lift a barbell one handed. That method is just asking for injuries.

Nah, with the hand centered you're asking for injuries. With the method shown you're guaranteeing them!

Regarding the original post, Yi is speaking as if we were already out of the loop and I very seriously doubt that. I think we should brace ourselves for a second round of pain...
Title: Re: GDP fell by 2.4% in 2009
Post by: Admiral Yi on February 01, 2010, 07:34:29 AM
Quote from: Alatriste on February 01, 2010, 02:50:18 AM
Regarding the original post, Yi is speaking as if we were already out of the loop and I very seriously doubt that. I think we should brace ourselves for a second round of pain...
The US has had two consecutive quarters of positive growth so technically any further contractions would constitute a brand new recession. :nerd:
Title: Re: GDP fell by 2.4% in 2009
Post by: Iormlund on February 01, 2010, 08:27:40 AM
Good for you. Spain is pretty much in free fall lately.

Though I'm doing quite well. I've got projects lined up for pretty much the whole year and just got another raise. :yeah:
Title: Re: GDP fell by 2.4% in 2009
Post by: Hansmeister on February 01, 2010, 08:44:36 AM
Quote from: Admiral Yi on February 01, 2010, 07:34:29 AM
Quote from: Alatriste on February 01, 2010, 02:50:18 AM
Regarding the original post, Yi is speaking as if we were already out of the loop and I very seriously doubt that. I think we should brace ourselves for a second round of pain...
The US has had two consecutive quarters of positive growth so technically any further contractions would constitute a brand new recession. :nerd:

I believe we're going to have so-so growth this year followed by another recession next year.
Title: Re: GDP fell by 2.4% in 2009
Post by: DGuller on February 01, 2010, 09:31:01 AM
Quote from: Admiral Yi on February 01, 2010, 07:34:29 AM
Quote from: Alatriste on February 01, 2010, 02:50:18 AM
Regarding the original post, Yi is speaking as if we were already out of the loop and I very seriously doubt that. I think we should brace ourselves for a second round of pain...
The US has had two consecutive quarters of positive growth so technically any further contractions would constitute a brand new recession. :nerd:
The two quarter rule is a myth, recession is over when it's declared over, retrospectively.  Besides, at 10% unemployment, merely a tepid growth is disastrous, and unfortunately it looks like tepid growth is what's in store.
Title: Re: GDP fell by 2.4% in 2009
Post by: garbon on February 01, 2010, 11:22:15 PM
Hmm...