Kasz216 said:
M.U.G.E.N said:
Kasz216 said:
M.U.G.E.N said:
again iirc end of 2007 was when it was 'official' in the media but the slide/signs started way early in the year
here is an example
http://www.marketoracle.co.uk/Article294.html
but yeah it was already going downhill way before the recession
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Signs don't really mean anything.
It was "official" in December 2008.
It started in December 2007.
It didn't really effect most people, and most people weren't even aware of it till mid to late 2008. Therefore to suggest it effected consumer choices earlier is silly.
If anything there is usually a lag when it comes to this stuff, as it takes while for reality to hit in, as people have the "Well it won't effect me!" menatlity.
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signs as in problems have already started by atleast half way through 2007. Those who had trouble cuz of it won't give a rats ass about when it became 'official'. Being official means media will go on about it non-stop and even those who are not affected (at least directly) will start panicing and become aware of it. And again you are talking about recession while I'm talking about economic troubles in the US. And trust me it was going downhill for sure. So I disagree, a recession doesn't happen over night, troubles have already started way before that and people WERE affected. Look up articles around early-mid 2007 if you like and you will see what I mean. Either way this is not the point of the thread and we are kinda derailing it.
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That's just not the case. Not on any large scale. The economy slowed, however it was still growing.
Most people were still prospering, just slower.
http://www.npr.org/templates/story/story.php?storyId=17716248
Not a big deal though.
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Like I said, a recession that was claimed to have started in December, won't happen over night and as I showed you with my link earlier (the housing bubble one) there were signs of trouble. here is another one for you
http://www.globalresearch.ca/index.php?context=va&aid=5964
and again I wasn't saying recession was underway already as recession is more or less a technical term. But yeah the ball had already started to roll, at least by mid 2007.
Actually even going by the link you just posted it talks of areas the US economy had some major problems in as well. But again this is something that we can argue on for pages tho and is kinda derailing at this point. Feel free to post in my wall if you want to keep this discussion going and I'm more than happy to continue.
