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Thread: Fed minutes reveal officials worried about 'SEVERE' Recession - Associated Press CNN

  1. #1

    Exclamation Fed minutes reveal officials worried about 'SEVERE' Recession - Associated Press CNN

    Well the "SEVERE RECESSION LEAK" is out!

    JEANNINE AVERSA, AP Economics Writer reports...

    http://news.yahoo.com/s/ap/20080408/ap_on_bi_ge/fed_minutes


    I wonder how Dubya and the Swastika Regime in Washington D.C. are going to spin themselves out of this one! Maybe we'll just have the FED print-up $500 BILLION for Corporations across the country
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  3. #2
    The words are important:
    some members fretted over the possibility of a "prolonged and severe" economic downturn.
    It says the members of the Federal Reserve Board of Goverors are uncertain and divided over the future direction of the economy. It does not say that there definately will be a severe economic downturn.

    The sky is not falling yet. So far, things are in a slowdown which is normal following a bubble.

  4. #3
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    Quote Originally Posted by Zippyjuan View Post
    The words are important:

    It says the members of the Federal Reserve Board of Goverors are uncertain and divided over the future direction of the economy. It does not say that there definately will be a severe economic downturn.

    The sky is not falling yet. So far, things are in a slowdown which is normal following a bubble.
    Please allow me to say it...

    WE ARE IN A RECESSION

    not a slowdown

    Of this I am not uncertain.
    Citizen of Arizona
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  5. #4
    Well, officially a recession is two consecutive quarters of negative growth which would mean that either we are in the first quarter of it or have been in it since October- six months ago.

    Leading economic figures are presently mixed. Unemployment is up but so are factory orders.
    http://www.conference-board.org/econ...tput.cfm?cid=1
    LEADING INDICATORS. Four of the ten indicators that make up the leading index increased in February. The positive contributors — beginning with the largest positive contributor — were real money supply*, interest rate spread, manufacturers' new orders for nondefense capital goods* and manufacturers' new orders for consumer goods and materials*. The negative contributors — beginning with the largest negative contributor — were average weekly initial claims for unemployment insurance (inverted), building permits, vendor performance, index of consumer expectations, and stock prices. Average weekly manufacturing hours held steady in February.

    The leading index now stands at 135.0 (1996=100). Based on revised data, this index decreased 0.4 percent in January and decreased 0.1 percent in December. During the six-month span through February, the leading index decreased 1.5 percent, with two out of ten components advancing (diffusion index, six-month span equals 20 percent).

    COINCIDENT INDICATORS. Two of the four indicators that make up the coincident index increased in February. The positive contributors to the index — beginning with the larger positive contributor — were personal income less transfer payments*, and manufacturing and trade sales*. The negative contributors were industrial production and employees on nonagricultural payrolls.

    The coincident index now stands at 124.9 (1996=100). This index remained unchanged in January and remained unchanged in December. During the six-month period through February, the coincident index remained unchanged.

    LAGGING INDICATORS. The lagging index stands at 131.2 (1996=100) in February, with five of the seven components advancing. The positive contributors to the index — beginning with the largest positive contributor — were average duration of unemployment (inverted), commercial and industrial loans outstanding*, change in CPI for services, ratio of consumer installment credit to personal income*, and change in labor cost per unit of output*. The negative contributor was the average prime rate charged by banks. The ratio of manufacturing and trade inventories to sales** held steady in February. Based on revised data, the lagging index increased 0.1 percent in January and increased 0.3 percent in December.

  6. #5
    shh... don't let the public know we are in a recession!
    +
    'These things I command you, that you love one another.' - Jesus Christ

  7. #6
    Not to come off as snippy but.....

    A recession is when you've lost your job and can't pay the rent/mortgage.

    The jobs evaporated because of the housing situation and the entire local economy is is contraction, thus even less jobs of any type.

    In the current cycle the cost of everything keep rising while wages remain the same as 3-5 years ago.

    Jobs are hard to come by.....what might pay you $10 an hour before only pays you $8 now, because of the glut of unemployed.

    They can define recession any way they want but if you're a workin' stiff in a $#@!ty economy their definitions can't put food on the table.
    Resist or Perish.

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  8. #7
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    Quote Originally Posted by Zippyjuan View Post
    Well, officially a recession is two consecutive quarters of negative growth which would mean that either we are in the first quarter of it or have been in it since October- six months ago.

    Leading economic figures are presently mixed. Unemployment is up but so are factory orders.
    http://www.conference-board.org/econ...tput.cfm?cid=1
    Gee, let me guess, you aren't really sure that we have an inflation problem either, right? I mean core inflation is still low, just look at the CPI. Once you throw out all of the things that people need for everyday life, prices really aren't going up all that fast right?

    I'm sure on some planet you could say that inflation is under control and the recession still might be avoided.

    The only problem you have is... THIS IS EARTH.
    Last edited by Cleaner44; 04-08-2008 at 02:15 PM.
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  9. #8

    Exclamation FED privately loans out to private equity firms like BAIN, TPG... CNN CBS ABC FOX

    Quote Originally Posted by Zippyjuan View Post
    The words are important:

    It says the members of the Federal Reserve Board of Goverors are uncertain and divided over the future direction of the economy. It does not say that there definately will be a severe economic downturn.

    The sky is not falling yet. So far, things are in a slowdown which is normal following a bubble.
    "Federal Reserve Board of Governors" = Corporate Bank Officers, they would never out right shoot themselves in the foot. BTW, why does the FED have the privilege to keep private where the 10's/100's of Billions are dished out?

    Because the FED cannot be deemed as "BAILING OUT" banking/financial institutions... so the FED privately loans out to private equity firms like BAIN, TPG, etc... which then bailout the financially strapped corporation. (FED's PR Loophole)


    We've been in a RECESSION for quite some time (more than 2 quarters) and if you believe the FEDS reports on CPI (INFLATION) and Unemployment... take a look (VERY CLOSELY) how they "ADJUST" and "SKEW" the numbers... results, RECESSION! BTW, Corn hits an all time high today $6 a bushel, incredible! Gotta keep those Subsidies going to Farming Organizations!



    A Economist I know pointed out a very simplistic indicator...

    When Las Vegas Hotels and Casinos start offering double digit discounts on rooms/perks, the economy is in a Recession! lol
    Last edited by HOLLYWOOD; 04-15-2008 at 10:15 AM.
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  11. #9
    Quote Originally Posted by Zippyjuan View Post
    The words are important:

    It says the members of the Federal Reserve Board of Goverors are uncertain and divided over the future direction of the economy. It does not say that there definately will be a severe economic downturn.

    The sky is not falling yet. So far, things are in a slowdown which is normal following a bubble.
    I think if the government actually reported accurate data (it's highly manipulated and distorted as to not make things look so bad), we'd be able to see that we've been in an downturn and recession since at least Q3 of last year, not just a "slowdown." I agree that the sky isn't quite falling though... yet.

  12. #10
    I certainly do not claim that inflation is not increasing. That is plainly obvious to everybody. It is just one of the figures looked at to determine if there is a recession or not.

  13. #11
    Quote Originally Posted by HOLLYWOOD View Post
    Well the "SEVERE RECESSION LEAK" is out!

    JEANNINE AVERSA, AP Economics Writer reports...

    http://news.yahoo.com/s/ap/20080408/ap_on_bi_ge/fed_minutes


    I wonder how Dubya and the Swastika Regime in Washington D.C. are going to spin themselves out of this one! Maybe we'll just have the FED print-up $500 BILLION for Corporations across the country
    Nothing new, Bernanke said that there is a possibility...himself. Oh and nice signature -- too bad I never read THREADS OR SIGNATURE that are RANDOM HIGHLIGHTED wiTH Text and RANDOM LInks.

  14. #12
    We've been in a real recession since the late 1990s (maybe late 1970s). We've been in a moral recession for quite some time, for sure. Money and credit can be created by fiat, but real wealth must be created for real, which is something that we haven't been doing as a nation for a long time now.

    It's just now that the money and credit bubble is popping: so our official measures of "recession" will begin to take notice (and already would have if the data weren't skewed so badly), and there won't be any "jobless recovery" this time around.
    "pledged is as pledged does" -- delegates, that is.


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    I've chosen him as my de jure leader, and as long as he represents the message of freedom, he represents ME

  15. #13
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  16. #14
    Quote Originally Posted by kyleAF View Post
    We've been in a real recession since the late 1990s (maybe late 1970s). We've been in a moral recession for quite some time, for sure. Money and credit can be created by fiat, but real wealth must be created for real, which is something that we haven't been doing as a nation for a long time now.

    It's just now that the money and credit bubble is popping: so our official measures of "recession" will begin to take notice (and already would have if the data weren't skewed so badly), and there won't be any "jobless recovery" this time around.
    Right, we have become a country that depends more and more on imports. The only reason we are able to import is because other countries accept that the dollar has some worth, primarily because the dollar can buy oil. If the dollar were to lose that value, we would have nothing else to back it with, and their would be far too many printed for us to effectively try.

    Do you guys realize that they are playing a game with the blood of our country? The very essence of your work and labor is being toyed with by men who have not earned it and have no rightful claim to it. Everything the Federal Reserve does is a direct contradiction to a free market. This should not be a concern to you because freedom gives you a warm, happy feeling - this should disturb you because they have the ability to destroy us.

  17. #15
    Quote Originally Posted by HOLLYWOOD View Post
    "Federal Reserve Board of Governors" = Corporate Bank Officers...


    A Economist I know pointed out a very simplistic indicator...

    When Las Vegas Hotels and Casinos start offering double digit discounts on rooms/perks, the economy is in a Recession! lol

    Well my Senior Economic Expert was right with his Simple "LAS VEGAS" economic analogy:

    http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b9D9B6C68-F147-4B49-81D2-E97F256F71CE%7d&siteid=yhoo&dist=yhoo

    MGM Mirage plans to cut 440 managers at their 10 Casino Resorts to save $75 MILLION in costs due to the downturn/slowdown within the gambling industry and the national economy... BINGO! Severe Recession on the BRINK!!!
    The American Dream, Wake Up People, This is our country! <===click

    "All eyes are opened, or opening to the rights of man, let the annual return of this day(July 4th), forever refresh our recollections of these rights, and an undiminished devotion to them."
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    June 1826



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