SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: michael97123 who wrote (424601)10/11/2008 1:08:27 PM
From: HPilot  Read Replies (1) of 1586443
 
the fix may be in but it wont move us out of recession for months if not quarters if not years.

We are not yet in a recession. The GDP report comes out late this month. If it is shows negative growth, then we will need another negative report for the following quarter. The slow growth in the past year is from the mortgage crisis. We just didn't know the full story of why this was the case. Economic indicators show that we may be coming out of the slump now, not months from now. The recent bailout is aimed from keeping the mortgage companies from failing first, and improving mortgage liquidity second.

If the banks don't overreact and cut back too far on new loans we may do just fine.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News