Paulson, Bernanke: No recession in '08

[jacksonm]

NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke and Treasury Secretary Hank Paulson both acknowledged problems in the U.S. economy Thursday, but both said they believe the nation will avoid falling into recession.

http://money.cnn.com/2008/02/14/news...ion=2008021412

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[touchring]

Originally Posted by jacksonm

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No recession in 08. Watabout 09? LOL.

[jacksonm]

Originally Posted by touchring

No recession in 08. Watabout 09? LOL.

It's kinda like saying "IDNs are gonna take off, because we say so! And that's an order!"

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[touchring]

Originally Posted by jacksonm

It's kinda like saying "IDNs are gonna take off, because we say so! And that's an order!"

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idns will take off, it's just that the earnings will be less than we expect.

not recession yet, but already, yahoo and google are cracking down on domain traffic....

[jacksonm]

Originally Posted by touchring

not recession yet, but already, yahoo and google are cracking down on domain traffic....

What do you mean?

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[touchring]

Originally Posted by jacksonm

What do you mean?

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Not exactly yet, but when ads run dry, they will use it for themselves (their search engine) and their top partner sites. Domainers will be last.

http://www.conceptualist.com/

[jacksonm]

Sorry, I had forgotten to post the link. I edited the main post and added it.

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[Rubber Duck]

The only thing that is keeping America out of Recession if indeed is not already there is the fact that nobody will own up to the fact. If Bernanke and Paulson admitted it would happen then Wall Street would fall apart at the seems. It was very telling that Bernanke was more or less promising more interest rates cuts. It will be interesting to see if he thinks zero is low enough or not!

[markits]

The only reason I see for no 08 recession is that many top idners eg bill, mj etc are located in the USA.

[jacksonm]

Originally Posted by markits

The only reason I see for no 08 recession is that many top idners eg bill, mj etc are located in the USA.

LOL! Who is this mj?

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[markits]

Originally Posted by jacksonm

LOL! Who is this mj?

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I refer this "mj" to the idner mj.

[jacksonm]

Originally Posted by markits

I refer this "mj" to the idner mj.

Well, if you are referring to me, I am neither living in USA nor a "top" IDNer!

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[markits]

Then the possibility of 08 USA recession is higher.

[Drewbert]

Commander codpiece is desperate to sweep everythign under the rug until it's someone else's problem...

http://thinkprogress.org/2008/02/13/...ic-indicators/

[Rubber Duck]

Originally Posted by Drewbert

Commander codpiece is desperate to sweep everythign under the rug until it's someone else's problem...

http://thinkprogress.org/2008/02/13/...ic-indicators/

Nah! He thinks its a waste of time, simply because he doesn't understand any of that shit!

[OldIDNer]

We are heading for stagflation (we are in a mild one now), which is much worse than a recession

[bwhhisc]

Originally Posted by OldIDNer

We are heading for stagflation (we are in a mild one now), which is much worse than a recession.

I think you are correct. The economy, jobs, etc. will progressively get worse over the coming year and take a good
while before we pull back out. The big question is... how bad?

[touchring]

Originally Posted by bwhhisc

I think you are correct. The economy, jobs, etc. will progressively get worse over the coming year and take a good
while before we pull back out. The big question is... how bad?

Depends on whether the democrats will start shutting off America from world trade. If they do that, it will be really bad. The next few years won't be good for stocks, real estate and investments in general.

Another problem is what will happen if obama retreats from Iraq.

[Drewbert]

>Another problem is what will happen if obama retreats from Iraq.

The USA will be able to start to rebuild it's reputation?

[bwhhisc]

Originally Posted by touchring

Another problem is what will happen if obama retreats from Iraq.

Don't count on that happening anytime soon regardless of who is in office.