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#41 |
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Pro
Trade: windows-siding
Join Date: Aug 2008
Posts: 639
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Re: Recession Official
2 negative quarters of GDP. banks still are'nt lending..why,because there balance sheets suck and they are worried about being adequately funded. this is a very bad recession that will be protracted. hate to see what the inflation rate will be in 10 years when we have to pay for all the friggin money the fed is pumping into the system. then again,the fed has no choice.
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#42 | |
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Pro
Trade: GC
Join Date: Oct 2008
Posts: 2,432
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Re: Recession OfficialQuote:
I wonder if I can hitchhike to D.C. and ask for a bail-out with no business plan or repayment terms in mind if my company goes tits up next year... |
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