Hey guys! Does this chart show that we're fucked?
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Date: March 6th, 2010 5:19 PM Author: Bonkers ungodly pit double fault
Seriously. It's not the scale that matters as much as how our current recession matches up with previous ones, which is the point the OP was trying to make.
Also how FUCKED we are for jobs for at least 2-3 years based on previous recessions, and this isn't even including some double dip scenerio
(http://www.autoadmit.com/thread.php?thread_id=1242943&forum_id=2#14315231) |
Date: March 6th, 2010 5:19 PM Author: galvanic theatre
not really.
those other crises on the chart were nothing compared to the current one. OPEC, S&L, tech bubble, japan & european crises, etc, all seem relatively small time.
disclaimer, admittedly I know basically nothing about economics, but I find the comparison shown on that chart to be quite expected.
not saying we're not fucked, but I don't see that this provides any particular insight or even a dramatic revelation of perspective.
(http://www.autoadmit.com/thread.php?thread_id=1242943&forum_id=2#14315226) |
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Date: March 6th, 2010 5:29 PM Author: galvanic theatre
well, like I said I know nothing about economics so maybe the comment just demonstrates cluelessness.
but, to clarify:
of course this is gigantic fucking deal. we're probably fucked. but didn't we know this already? my point was only that the chart is not surprising and doesn't "show" anything that hasn't been apparent for at least a year.
(http://www.autoadmit.com/thread.php?thread_id=1242943&forum_id=2#14315325)
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