|
|
Post by silverhorse on Mar 25, 2008 15:34:12 GMT -4
Are we in Recession?
|
|
|
|
Post by Sapphire on Mar 25, 2008 18:07:56 GMT -4
Yes, U.S is in recession.  |
|
|
|
Post by mossy on Mar 26, 2008 3:03:11 GMT -4
Is everything all right though. i mean u guys are all not starving or nothigh right  hope u are all ok ;D |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 26, 2008 13:15:02 GMT -4
I don't believe that we are in a recession yet, but we are dangerously close to one. No, we are not starving here where I am. We are doing okay. I am sure there are lots of families that have been hit hard by our failing economy here though.  |
|
|
|
Post by king arthur on Mar 26, 2008 20:17:23 GMT -4
Is everything all right though. i mean u guys are all not starving or nothigh right hope u are all ok ;D Darth is right, it is not affecting us, not just yet. But in the long run, it will. Because it is a domino's effect, chain reactions. One industry goes down, others might follow. Like the Bear Stearn crisis now, if not the aid from the Fed Reserve, then Bear Stearn will go down first, then the rest will follow and our financial system in the U.S might go down with it because the ripple effect. Then the U.S is really in deep trouble, because Bear Stearn owns lots of Hedge funds which means lots of IRS savings are in there and the retirement money are in there. Which means the US will have no retirement money saving in the future. Which is a very serious matter, like the social security will run out in 2041, if the government does not do anything right now. Then eventually will affect all of us in the future. |
|
|
|
Post by Sunshine on Mar 27, 2008 14:32:32 GMT -4
Yes, the US is in recession. |
|
equest
Emerald Member
Posts: 364
|
Post by equest on Aug 28, 2009 13:16:07 GMT -4
The U.S recession is affecting everybody. I've experienced a freeze on our annual payraise, house foreclosure, lowered credit limit despite good credit (can't believe my credit card limit was lowered from $5K to $2 without notice) and many of my friends and relatives lost their jobs such as those who work in insurance, retail or financial companies. So sad. |
|
|
|
Post by Adzi on Sept 7, 2009 19:40:37 GMT -4
The U.S recession is affecting everybody. I've experienced a freeze on our annual payraise, house foreclosure, lowered credit limit despite good credit (can't believe my credit card limit was lowered from $5K to $2 without notice) and many of my friends and relatives lost their jobs such as those who work in insurance, retail or financial companies. So sad. my opinion - you'll be fine  - I think they said on the news some countries like Japan are out of it... you should see my country - we've been in recession since the founding of the country - with steady unemployment rate of about 30 %. LoL... |
|
|
|
Post by king arthur on Sept 7, 2009 21:25:35 GMT -4
The U.S recession is affecting everybody. I've experienced a freeze on our annual payraise, house foreclosure, lowered credit limit despite good credit (can't believe my credit card limit was lowered from $5K to $2 without notice) and many of my friends and relatives lost their jobs such as those who work in insurance, retail or financial companies. So sad. my opinion - you'll be fine - I think they said on the news some countries like Japan are out of it... you should see my country - we've been in recession since the founding of the country - with steady unemployment rate of about 30 %. LoL... True, |
|
equest
Emerald Member
Posts: 364
|
Post by equest on Sept 8, 2009 12:44:37 GMT -4
The U.S recession is affecting everybody. I've experienced a freeze on our annual payraise, house foreclosure, lowered credit limit despite good credit (can't believe my credit card limit was lowered from $5K to $2 without notice) and many of my friends and relatives lost their jobs such as those who work in insurance, retail or financial companies. So sad. my opinion - you'll be fine - I think they said on the news some countries like Japan are out of it... you should see my country - we've been in recession since the founding of the country - with steady unemployment rate of about 30 %. LoL... Unfortunately, in my line of work and it has nothing to do with the recession but there's a large turnover in my work. Many are either quitting or getting fired due to its super strict rules. Hopefully, I'll try to hang on with this job of mine until I can find something better. |
|
|
|
Post by Sapphire on Sept 8, 2009 20:53:33 GMT -4
my opinion - you'll be fine - I think they said on the news some countries like Japan are out of it... you should see my country - we've been in recession since the founding of the country - with steady unemployment rate of about 30 %. LoL... Unfortunately, in my line of work and it has nothing to do with the recession but there's a large turnover in my work. Many are either quitting or getting fired due to its super strict rules. Hopefully, I'll try to hang on with this job of mine until I can find something better. This happens to almost everybody, I have to cut expenses too. 6 of my relatives are out of work right now. |
|
|
|
Post by Adzi on Sept 12, 2009 4:45:47 GMT -4
Unfortunately, in my line of work and it has nothing to do with the recession but there's a large turnover in my work. Many are either quitting or getting fired due to its super strict rules. Hopefully, I'll try to hang on with this job of mine until I can find something better. This happens to almost everybody, I have to cut expenses too. 6 of my relatives are out of work right now. the bad thing when ur out of work - is if you didn't think about it before - like stashed some savings for rainy days. it almost killed me when i was out jobless - it was just a mess.  |
|
equest
Emerald Member
Posts: 364
|
Post by equest on Sept 13, 2009 10:55:59 GMT -4
the bad thing when ur out of work - is if you didn't think about it before - like stashed some savings for rainy days. it almost killed me when i was out jobless - it was just a mess. Maybe you have friends or relatives who could back you up in case of emergency. One time for a few months, we accommodated our relatives from out of town who were moving here until they were able to found jobs to get their own place. |
|
|
|
Post by Adzi on Sept 14, 2009 18:37:27 GMT -4
Maybe you have friends or relatives who could back you up in case of emergency. One time for a few months, we accommodated our relatives from out of town who were moving here until they were able to found jobs to get their own place. good thinking. did everything work out for the relatives? at the time i didn't have anyone close to me - to help out. however the period wasn't that long anyway. all was good after-wards ;D... |
|
equest
Emerald Member
Posts: 364
|
Post by equest on Sept 15, 2009 10:48:28 GMT -4
Maybe you have friends or relatives who could back you up in case of emergency. One time for a few months, we accommodated our relatives from out of town who were moving here until they were able to found jobs to get their own place. good thinking. did everything work out for the relatives? at the time i didn't have anyone close to me - to help out. however the period wasn't that long anyway. all was good after-wards ;D... Yes, everything worked out perfectly afterwards for my relatives. Fortunately, this happened years before the recession hit us so it was no problem. |
|
- I think they said on the news some countries like Japan are out of it...
