The Recession and YOU.

[Dascoo]

How has it affected you, or has it even hit you yet?

At the beginning my shifts were cut in half at the grocery store I worked at, but that's about it. Two weeks later I got those shifts back. My families jobs are pretty secure, we're only worried about my siblings university fees going up.

 

[jettlarue]

My cousin who luckily has a good paying job, salary was dropped 50%. Used to have a lot of extra money, now weekends are tight for him. My aunt(I live with) has a 20% salary cut and possible termination. I'm more concerned with my constitutional rights, and the apparent apathy the general public feels towards them, I am already considered one of the 1 million terrorists by the us, at age fucking 16.

[PANZERCATWAGON]

i got laid off

[Snack]

Nothing happened at all for me o.o.

[tehsnipah]

Wow, I'm very fortunate then...

[echo_trail]

i got laid off

Seconded.

[a-4-year-old]

My parents crazy mother constantly remind me that they can barely pay my brother's tuition.

The recession is just about over anyway.

[Psycho]

The gas prices went down. Nothing else.

[a-4-year-old]

stocks went back up in several multi day rallies.

A key characteristic of recessions is that they cause a price drop. Gas prices dropping will cause just about everything to drop in price once the market stabilizes.

[Antipathy]

The recession is just about over anyway.

I beg to differ.

http://www.ritholtz.com/blog/wp-content/uploads/2009/02/job-losses-post-ww2.png

[a-4-year-old]

I think that graph exaggerates the problem quite a lot seeing as they stretched the Y axis so much to make the lines look more damning.  Yes unemployment is high, around 7.2 percent. Normal is between 5-6 percent and ideal would be around 4 percent.

[N. Escalona]

My parents crazy mother constantly remind me that they can barely pay my brother's tuition.

The recession is just about over anyway.

Are you kidding? This is shaping up to be worse than the Great Depression, even in the United States. We're still getting started.

I think that graph exaggerates the problem quite a lot seeing as they stretched the Y axis so much to make the lines look more damning.  Yes unemployment is high, around 7.2 percent. Normal is between 5-6 percent and ideal would be around 4 percent.

It's not about the unemployment rate, what's important is the rate of change of the unemployment rate.

EDIT: ooh hang on though. it looks like this is not unemployment rate (proportion), but straight unemployment. That's no good - the total number of jobs has increased dramatically since the 50s.

[jettlarue]

The recession/depression is nowhere near done. Do some research our country is in much more of a shithole than it seems. Stocks and unemployment are no decent measures to value the economy. Look at 1990-2000: stocks tripled, economy didn't, its false inflation. Same with unemployment, real levels are closer to 10%-12%. Every american family of 3 has over 110,000 in national debt. If anything this is phase 4 of a 10. 1 Started around 1900(false income taxation, fed reserve created with private banks). 2 Started in 1970(removal of gold standard). 3 in 2000(private banks lobby for anti constitional practices for a larger bite of oil, same people as private banks in 1900). 4 in 2008(collapse of dollar, mass amounts of money printed, countries no longer loaning, we printed a few trillion in the last few months to pay off the national debt, notice how the day after a 1.25 trillion printing the us dollar went down 4% in 2 days). Notice how significant events have less of a gap between them as time goes on.

EDIT: ooh hang on though. it looks like this is not unemployment rate (proportion), but straight unemployment. That's no good - the total number of jobs has increased dramatically since the 50s.

See feminist movement, I expect thats where a lot of the influx comes from.

[a-4-year-old]

Actually Stocks and Bonds, Unemployment, and the GDP are all very significant indicators of the economy.

I don't know what you think you're talking about, but we all already know that the economy has booms and busts, except you're missing a few recessions and all the periods of expansion.  You've also left out that overall our economy's trendline is positive.

[jettlarue]

I do agree significant, although you really have to look a lot deeper than that to get even a decent view.
I was not listing recessions or depressions, I was listing significant actions by the country which are all piling up quite quickly on top of each other. None of the things I listed are temporary(yet). Depending on what evidence needed to be deemed positive, although I really do not want to get into semantics. Although what I posted is what I believe is happening, the synonymous array of errors on peoples part is astounding. But most of all I was (trying) to encourage people to look into the united states a little deeper than what you see on CNN of fox news, it's probably a good idea.

[UnknownSniper]

The recession hasn't affected our family any.
The company(welding) my father works with is run by a friend of the family, and all of the men on my dad's side work at the same 2 places.

Just yesterday he started getting extra hours, actually. I guess there is still a demand for tanks. (Not military, obviously. Gas/oil/whatever other liquid)

[a-4-year-old]

You must have been cool in elementary school, "Yeah, my dad makes tanks." and just hope nobody calls you out on career day.

Jettlarue by indicator I mean what economists use to measure whats going on in an economy. They're the most important parts. If you just listed important "actions" by government then you're missing thousands of them.

[UnknownSniper]

You must have been cool in elementary school, "Yeah, my dad makes tanks." and just hope nobody calls you out on career day.

Jettlarue by indicator I mean what economists use to measure whats going on in an economy. They're the most important parts. If you just listed important "actions" by government then you're missing thousands of them.

As I said, they're not military tanks... They're 100+ foot tanks, mainly used for holding different types of liquids... Nothing cool about it, but it's good, honest work and good pay.

[Graham]

Hasn't hurt me yet, woohoo Army

[N0va]

It's going to get worse with all these Obama plans that should raise inflation
(Just like in the 1970's)