Recession or Depression?

[turasultana]

seems to me it's starting to get better, but there's a lag still when it comes to jobs. there's still a lot of net credit loss on the horizon (meaning folks defaulting on credit card debt) and foreclosures coming up, but overall it's trending better. Dow broke 11K for example.

I'm seeing a lot more jobs listed on job sites and corporate websites. I sent out one resume just to test the waters and got a reply a couple days later and a phone interview tomorrow. I'm currently working contract, so a full time job would be nice. Not counting on this to be the one, but its encouraging to get a good response from the first resume sent.

Not negating anyone else's experience, just saying that economic indicators are showing an upward trend. It will take a year or so to be fully out, but we may plateau at a "new normal."

[Jess]

Originally Posted by turasultana

seems to me it's starting to get better, but there's a lag still when it comes to jobs. there's still a lot of net credit loss on the horizon (meaning folks defaulting on credit card debt) and foreclosures coming up, but overall it's trending better. Dow broke 11K for example.

I'm seeing a lot more jobs listed on job sites and corporate websites. I sent out one resume just to test the waters and got a reply a couple days later and a phone interview tomorrow. I'm currently working contract, so a full time job would be nice. Not counting on this to be the one, but its encouraging to get a good response from the first resume sent.

Not negating anyone else's experience, just saying that economic indicators are showing an upward trend. It will take a year or so to be fully out, but we may plateau at a "new normal."

Good luck lady!!!

[weatherboi]

hi turasultana!!

i am wondering where you get your information about the economy's "new normal" standing. What would be a "new normal'?? I have searched and searched without any luck on this term related to the economy. Would you mind throwing me a link on this please??

Originally Posted by turasultana

seems to me it's starting to get better, but there's a lag still when it comes to jobs. there's still a lot of net credit loss on the horizon (meaning folks defaulting on credit card debt) and foreclosures coming up, but overall it's trending better. Dow broke 11K for example.

I'm seeing a lot more jobs listed on job sites and corporate websites. I sent out one resume just to test the waters and got a reply a couple days later and a phone interview tomorrow. I'm currently working contract, so a full time job would be nice. Not counting on this to be the one, but its encouraging to get a good response from the first resume sent.

Not negating anyone else's experience, just saying that economic indicators are showing an upward trend. It will take a year or so to be fully out, but we may plateau at a "new normal."

[Ldyluck88]

Thanks everyone for sharing your stories/opinions/ideas!
I was thinking last night that with all the foreclosures, they could donate(fat chance) a home to the gay community on the premise the land gets used for gardening, etc. We can grow vegtables, sell some and be self sufficient.
Maybe I'm a dreamer, but I feel we have to be inventive because it is not getting any easier to survive.

[PrudenceJuris]

Originally Posted by Ldyluck88

Thanks everyone for sharing your stories/opinions/ideas!
I was thinking last night that with all the foreclosures, they could donate(fat chance) a home to the gay community on the premise the land gets used for gardening, etc. We can grow vegtables, sell some and be self sufficient.
Maybe I'm a dreamer, but I feel we have to be inventive because it is not getting any easier to survive.

There are grant opportunities to acquire land for small urban farming purposes, but you gotta be willing to move to Michigan. Oh well just my 2 cents.

[turasultana]

Originally Posted by weatherboi

hi turasultana!!

i am wondering where you get your information about the economy's "new normal" standing. What would be a "new normal'?? I have searched and searched without any luck on this term related to the economy. Would you mind throwing me a link on this please??

I don't have a link. Just something I've heard said by the seniors where I work. And also I believe in relationship to spending /savings patterns overall going forward. I'll try to find some concrete examples of what I mean.

(I work in a huge bank/credit card company - we have town halls on this subject every couple weeks, so sometimes the jargon is by osmosis. :>)

[turasultana]

Originally Posted by weatherboi

hi turasultana!!

i am wondering where you get your information about the economy's "new normal" standing. What would be a "new normal'?? I have searched and searched without any luck on this term related to the economy. Would you mind throwing me a link on this please??

Ok did a very quick google search. too many articles to list so just click here;

http://www.google.com/#hl=en&source=...bb30ecf4f91972

and pick one!

[Bit]

Originally Posted by Corkey

My parents were of the Great Depression era. Now let me explain why I think we are in a recession and not a depression. Our banking system though bruised is still functioning, our supermarkets still have food on their shelves, and though there are millions without jobs, there are millions more who do. ....

I've heard that the unemployment rate during the Great Depression was 25%. I can't imagine what it would be like if one in every four of us were unemployed. It's difficult enough now when it's one in every nine or ten, yanno? And while the safety net is ripped and torn and too many people fall through, we do have at least a minimal safety net in place, for instance, food banks and utility help in many places.

My mom was a Depression Baby. I find myself thinking her favorite quote again and again... "Use it up, wear it out; make it do or do without."

Originally Posted by Sachita

lol- oh this is for Bit- No stinking toilet paper! lol I know you'll remember some of the post we shared about survival.

[weatherboi]

Hey turasultana-

I did a search when I first read your original post and came up with pretty much the same results. Besides the first link...the buisness week link...most of them portray the "new normal" negatively. I found a couple of articles that tried to spin the idea that we should start accepting a "new normal" when it comes to this economy down turn because it is believed the "new normal" will fall shorter than the old economy "normal".

The articles I read tell me cutting back to survive is the "new normal"!!

Originally Posted by turasultana

Ok did a very quick google search. too many articles to list so just click here;

http://www.google.com/#hl=en&source=...bb30ecf4f91972

and pick one!