| NJ5 said: A lot of businesses are showing a 20-30% decline in revenue these days, which is much above the reported GDP contractions. People are saving more money, at a ratio which also points to US GDP going down by double-digit percentages. The previous "normal" wasn't normal at all, for the reason that Mafoo pointed out.
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Double-digits... no it doesn't, man. What do you think is the private business average decline in revenue? That's the number that matters, not 'a lot of businesses'. And next, state and community institutions don't drop many % at all in their production or 'revenue' (schools and education, authorites, the military, science, administration etc) despite the Crysis.
And there are other factors that are included in the GDP that I dont remember rite now.
Plus I hardly think Q3 and Q4 in 2009 will be much worse than the already very bad Q3/4 in 2008.
