"Maybe the flavor DOES last too long...?"
You know those ads for Stride gum? The ones that imply that the long-lasting flavor of an otherwise disposable product is enough to do a whole corporation in? Tonight I was thinking that maybe those commercials signalled the beginning of this recession.
Someone remind me when the stock market fell.
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7 commentsReplies
adam said, (178 days ago)
I mean, it would just be a shitty time where all the value fell out of the market, housing prices dropped, unemployment (official and unofficial) doubled, and wages stagnate.
But those GDP numbers! That's what I want to stay up.
jennatar said, (178 days ago)
I had to sell all my stock yesterday, so I'm just going ahead and calling it the pretty great depression.
Molly Malone said, (178 days ago)
just cause its not technically a recession doesn't mean the US economy isn't totally sucking. just speaking about recessions means people are starting to doubt the economy, and said economy relies entirely on people's faith in it. so, should be interesting to say the least.
please try not to affect us canucks too much with your epic debt and subprime mortgage fail.
lay oale said, (178 days ago)
Somewhere between people losing their jobs, companies giving a lackluster performance, and oil futures rose immensely, our economy suffered some coronary artery disease. The heart attack might come sooner or later.
Yes, I know those ads.
One day I hope someone does a car commercial like that where someone gets fired because the thing doesn't start falling apart within 500 miles of going out of warranty. I'd know they were lying and never buy the car, but I'd appreciate their false honesty?
That doesn't make any sense.
The point is -- a recession, according to people who know stuff about things, is two sequential financial quarters of negative GDP growth, which we haven't gotten to yet. So this thing could still totally turn around and not be a recession.