Where's the stage? Spurious Generalities > Politiw00kchat
Global Economics
jedifunk:
so, its not some much political, but rather financial, but i didn't really know where to stick it, so its going in here.
seems like finance gets pulled into political discussion in every thread, which is great because they are definitely joined at the hip, but i wanted to have a spot just for financial talk.
i definitely won't claim to be an expert or even fully understand the markets, but i do keep up with their news and happenings. i also like hearing/reading others opinions/ideas on the markets and finance in general, so let's make this the thread to discuss them.
jedifunk:
i'll start with this article i read this morning about the possible double-dip recession that seems fairly ominous at the moment.
http://business.blogs.cnn.com/2011/08/18/echoes-of-gekko-amid-markets-mayhem/?hpt=hp_c2
edit: btw, the asian markets are getting hammered again today, with the hang seng down 3% already (-600pts)
runawayjimbo:
Good call, jedi. I've been using the Inside Job or the Have you heard threads to throw out some of these issues but I think it makes sense to have a dedicated place for these discussions (especially these days).
As far as double-dip goes, I think that's kind of a misnomer: the NBER may have declared the recession ended in July 2009, but I think most people would say we're just plowing through the longest recession in history (43 months and counting). But the Fed will try it's best to keep the wool pulled over people's eyes when they announce another round of QE in Jackson Hole next week.
jedifunk:
i would agree with the idea that we've never really pulled out of the recession. its never really felt like it to me anyways.
of course i think i mostly gauge that by whether my house is worth anything or not (which apparently its still not) ;)
Hicks:
Shit if you ask me we've been in recession since 2001 the whole way.
A jobless recovery is no recovery at all IMO.
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