Comments on: Do you think the recession is over like Fed chairman does? http://blogs.ajc.com/business-beat/2009/09/15/do-you-think-the-recession-is-over-as-fed-chairman-does/ Get inside Atlanta\'s and national business news and how it affects you. Sat, 11 Feb 2012 03:16:35 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Dee http://blogs.ajc.com/business-beat/2009/09/15/do-you-think-the-recession-is-over-as-fed-chairman-does/comment-page-1/#comment-4404 Dee Fri, 30 Oct 2009 04:24:56 +0000 http://blogs.ajc.com/business-beat/?p=1939#comment-4404 Recession over? Oh really! What planet is Bernanke living on? Recession over? Oh really! What planet is Bernanke living on?

]]> By: ddhboy http://blogs.ajc.com/business-beat/2009/09/15/do-you-think-the-recession-is-over-as-fed-chairman-does/comment-page-1/#comment-3007 ddhboy Sat, 26 Sep 2009 04:25:06 +0000 http://blogs.ajc.com/business-beat/?p=1939#comment-3007 No its not over, if anything we are in the eye of the storm. Economic signs show numerical improvements so now every politician around the globe is high fiving one another saying that they've beaten another depression. The only problem in that calculation is that they hadn't taken into account the thousands, perhaps millions of homes and, more importantly, luxury housing developments that at the time of the recession beginning was on a slippery slope, but not quite foreclosed, as well as those developers who had just started construction on buildings or whole annexes to towns. Now that the economy has gone flat, and the bubble has burst, these properties will go bust and the banks will take control of more bad assets, and a year from now we will have to give the banks another bailout to cover this bad inventory, and then after that we're going to keep getting these little aftershocks until the government has essentially bought enough of the bad inventory that the banks could just take the hit. This means that at best, the true recession isn't going to be over until late 2010 - mid 2011, and rather than effecting main street directly, your going to have markets that got away fairly unscathed like New York City catching up and fending off ghost towers. I guess that what we have now are zombie banks that build ghost towers, and it will be years until those banks go back to normal. No its not over, if anything we are in the eye of the storm. Economic signs show numerical improvements so now every politician around the globe is high fiving one another saying that they’ve beaten another depression. The only problem in that calculation is that they hadn’t taken into account the thousands, perhaps millions of homes and, more importantly, luxury housing developments that at the time of the recession beginning was on a slippery slope, but not quite foreclosed, as well as those developers who had just started construction on buildings or whole annexes to towns. Now that the economy has gone flat, and the bubble has burst, these properties will go bust and the banks will take control of more bad assets, and a year from now we will have to give the banks another bailout to cover this bad inventory, and then after that we’re going to keep getting these little aftershocks until the government has essentially bought enough of the bad inventory that the banks could just take the hit.

This means that at best, the true recession isn’t going to be over until late 2010 – mid 2011, and rather than effecting main street directly, your going to have markets that got away fairly unscathed like New York City catching up and fending off ghost towers. I guess that what we have now are zombie banks that build ghost towers, and it will be years until those banks go back to normal.

]]> By: Ed http://blogs.ajc.com/business-beat/2009/09/15/do-you-think-the-recession-is-over-as-fed-chairman-does/comment-page-1/#comment-2825 Ed Wed, 16 Sep 2009 23:59:40 +0000 http://blogs.ajc.com/business-beat/?p=1939#comment-2825 Yoman...you are my new hero. VOTE RON PAUL. Everyone should read his book 'Manifesto' great stuff on why our government has gone to hell in a hand basket. n Yoman…you are my new hero. VOTE RON PAUL. Everyone should read his book ‘Manifesto’ great stuff on why our government has gone to hell in a hand basket.

n

]]> By: IC Atlanta http://blogs.ajc.com/business-beat/2009/09/15/do-you-think-the-recession-is-over-as-fed-chairman-does/comment-page-1/#comment-2729 IC Atlanta Wed, 16 Sep 2009 15:11:20 +0000 http://blogs.ajc.com/business-beat/?p=1939#comment-2729 See Japan's economy for the past 18 years. That is America's economy until we can get another supply-side President and a congress that cuts taxes and SPENDING - really cuts spending. Until that time it will not get any better - get used to it. Amazing to watch history being repeated over and over and over again. We could be too far gone however and enjoy a nice collapse - should be fun. Thanks greedy citizens and thanks political hacks. See Japan’s economy for the past 18 years. That is America’s economy until we can get another supply-side President and a congress that cuts taxes and SPENDING – really cuts spending. Until that time it will not get any better – get used to it. Amazing to watch history being repeated over and over and over again. We could be too far gone however and enjoy a nice collapse – should be fun. Thanks greedy citizens and thanks political hacks.

]]> By: Homer Simpson http://blogs.ajc.com/business-beat/2009/09/15/do-you-think-the-recession-is-over-as-fed-chairman-does/comment-page-1/#comment-2713 Homer Simpson Wed, 16 Sep 2009 13:19:04 +0000 http://blogs.ajc.com/business-beat/?p=1939#comment-2713 Bernanke was the last to realize we were in a recession, don't really believe he would be the first to see it was over. Job losses continue, housing still down. WTF. Bernanke was the last to realize we were in a recession, don’t really believe he would be the first to see it was over. Job losses continue, housing still down. WTF.

]]> By: Drama Mama http://blogs.ajc.com/business-beat/2009/09/15/do-you-think-the-recession-is-over-as-fed-chairman-does/comment-page-1/#comment-2706 Drama Mama Wed, 16 Sep 2009 12:02:33 +0000 http://blogs.ajc.com/business-beat/?p=1939#comment-2706 Bull S!!! The repo trucks are extremely busy, and my neighbors are disapearing in droves!!!What's up?Grown men are home, not by choice!!! Bull S!!! The repo trucks are extremely busy, and my neighbors are disapearing in droves!!!What’s up?Grown men are home, not by choice!!!

]]> By: Rod http://blogs.ajc.com/business-beat/2009/09/15/do-you-think-the-recession-is-over-as-fed-chairman-does/comment-page-1/#comment-2703 Rod Wed, 16 Sep 2009 08:23:57 +0000 http://blogs.ajc.com/business-beat/?p=1939#comment-2703 DW, are you a Democrat? You're showing your ignorance on the matter. JHC said 50% not 100%. One-year low for Dow was around 6500. It's now at 9600, which is around 48%. DW, are you a Democrat? You’re showing your ignorance on the matter. JHC said 50% not 100%. One-year low for Dow was around 6500. It’s now at 9600, which is around 48%.

]]> By: DW http://blogs.ajc.com/business-beat/2009/09/15/do-you-think-the-recession-is-over-as-fed-chairman-does/comment-page-1/#comment-2702 DW Wed, 16 Sep 2009 04:26:05 +0000 http://blogs.ajc.com/business-beat/?p=1939#comment-2702 JHC the stock market up 50% from march lows when did it hit 4800 ??? And no they are not good not good at all, they are all Goldman Sachs CROOKS lining their own pockets with our monety now our debt. Borrow at zero and buy govt notes easy easy way to STEAL. JHC the stock market up 50% from march lows when did it hit 4800 ???
And no they are not good not good at all, they are all Goldman Sachs CROOKS lining their own pockets with our monety now our debt. Borrow at zero and buy govt notes easy easy way to STEAL.

]]> By: University System Employee http://blogs.ajc.com/business-beat/2009/09/15/do-you-think-the-recession-is-over-as-fed-chairman-does/comment-page-1/#comment-2701 University System Employee Wed, 16 Sep 2009 04:18:05 +0000 http://blogs.ajc.com/business-beat/?p=1939#comment-2701 We are cutting budgets 10%+ last year, and expect another 10% cut this year, laying off faculty and staff, with furloughs for those who remain. Predictions are that budgets will continue down for another year after that. Since tax revenue is down, I guess a lot of people don't know the recession is over and should start spending money! And before you get down on state employees....my department has a $1 million annual budget and generates $20 million per year in revenue, but we have been cut like every department. We are cutting budgets 10%+ last year, and expect another 10% cut this year, laying off faculty and staff, with furloughs for those who remain. Predictions are that budgets will continue down for another year after that. Since tax revenue is down, I guess a lot of people don’t know the recession is over and should start spending money! And before you get down on state employees….my department has a $1 million annual budget and generates $20 million per year in revenue, but we have been cut like every department.

]]> By: daddy warbux http://blogs.ajc.com/business-beat/2009/09/15/do-you-think-the-recession-is-over-as-fed-chairman-does/comment-page-1/#comment-2700 daddy warbux Wed, 16 Sep 2009 03:23:20 +0000 http://blogs.ajc.com/business-beat/?p=1939#comment-2700 "the recession is over. only 250 thousand people lost their jobs last month. thats way down". who are the idiots that continue these stupid a-- thoughts like the one i just noted above. the recession aint over. foreclosures are rising, more people are out of work- and they aint finding new jobs. small business are getting crushed and taxes are about to go up. what a joke. “the recession is over. only 250 thousand people lost their jobs last month. thats way down”.

who are the idiots that continue these stupid a– thoughts like the one i just noted above. the recession aint over. foreclosures are rising, more people are out of work- and they aint finding new jobs. small business are getting crushed and taxes are about to go up.

what a joke.

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