Created Tue 18th Nov 2008 4:05am PST by 
curios
All questions » Business » Economics » curios 
WILL America fall into recession ?
Voided
This question is a duplicate of the following question, as for America to be in an official recession it would have to be announced by the following organisation.
http://www.hubdub.com/m15440/Will_the_National_Bureau_of_Economic_Research_announce_in_2008_that_the_US_is_in_recession
The starting odds were also too low.
Background:
Nov. 17 (Bloomberg) -- When times are bad, you find out who you are.
In some sense, economics is like sports. Sometimes you get slaughtered, but if you believe in yourself and keep fighting, you can win again.
A look at U.S. history suggests that even during the worst U.S. recessions, Americans have been able to turn things around. There were times when things looked so bleak that only a fool might have hoped for a brighter future. Eventually, that brighter future arrived.
Yes, a pessimist might say, but this time things are much worse. I am not so sure they have to be, provided we remember who we are.
Things are certainly bad. It looks like third-quarter gross domestic product growth will be revised deep into negative territory. The data in hand suggest that fourth-quarter GDP will drop at a rate of as much as 4 percent.
http://www.bloomberg.com/apps/news?pid=20601039&sid=adrijB0J0YKE&refer=home
In some sense, economics is like sports. Sometimes you get slaughtered, but if you believe in yourself and keep fighting, you can win again.
A look at U.S. history suggests that even during the worst U.S. recessions, Americans have been able to turn things around. There were times when things looked so bleak that only a fool might have hoped for a brighter future. Eventually, that brighter future arrived.
Yes, a pessimist might say, but this time things are much worse. I am not so sure they have to be, provided we remember who we are.
Things are certainly bad. It looks like third-quarter gross domestic product growth will be revised deep into negative territory. The data in hand suggest that fourth-quarter GDP will drop at a rate of as much as 4 percent.
http://www.bloomberg.com/apps/news?pid=20601039&sid=adrijB0J0YKE&refer=home
Settlement details:
As reported by a major mainstream news source.
Suspend date: Thu 19th Mar 12:59am PDT (10 weeks to go)
Initial likelihoods: Yes: 35%
Action history:
Created Tue 18th Nov 2008 4:05am PST by curios
curios 
destry
: Suspended pending review
Voided Wed 19th Nov 2008 6:44pm PST by 
tisha![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
: This question is a duplicate of the following question, as for America to be in an official recession it would have to be announced by the following organisation.
http://www.hubdub.com/m15440/Will_the_National_Bureau_of_Economic_Research_announce_in_2008_that_the_US_is_in_recession
The starting odds were also too low.
tisha: This question is a duplicate of the following question, as for America to be in an official recession it would have to be announced by the following organisation.
http://www.hubdub.com/m15440/Will_the_National_Bureau_of_Economic_Research_announce_in_2008_that_the_US_is_in_recession
The starting odds were also too low.
Suspend date: Thu 19th Mar 12:59am PDT (10 weeks to go)
more info...
Get widget!Predictions (30)
30 predictions
lenganthinh
predicted No (H$50 at 19%)
schema
predicted Yes (H$3,000 at 80%)
chrisfmasse
predicted Yes (H$10 at 78%)
predicted Yes (H$50 at 78%)
onthelang
predicted Yes (H$82 at 78%)
froginhoricon
predicted Yes (H$50 at 78%)
converse
predicted Yes (H$50 at 78%)
schenz
predicted Yes (H$100 at 78%)
storekeeperathscm
iceaxe5
bgrigore
predicted No (H$1,000 at 26%)
bobdevineComments (22)
What is Hubdub?
Hubdub makes news more exciting by letting you stake virtual dollars on the outcomes of real running news stories.
Join now or learn moreRelated News
This news is selected automatically based on the question, its background, options and tags
This news is selected automatically based on the question, its background, options and tags
score: 10
Business Report 7 weeks ago
com is that the economy will decline about 2 percent, with smaller declines thereafter. This suggests that the recession may not dive into economic territory that is wholly unfamiliar to us. If that is true, why the 1930s-style rush to big government?
score: 10
Forbes.com 7 weeks ago
NEW YORK, Nov 17 (Reuters) - The U.S. economy fell into a recession last spring and will contract sharply this quarter as more than 200,000 workers per month are added to the rolls of the unemployed, a survey said on Monday. The
score: 10
Reuters India 7 weeks ago
TOKYO (Reuters) - Japan slid into its first recession in seven years in the third quarter as the financial crisis curbed demand for Japanese exports, with the economy minister and analysts offering a bleak outlook for the economy. The
score: 10
Motley Fool 8 weeks ago
Nasdaq: MSFT) operating system monopoly, Google shares seem like an excellent value. But are they? The great unknown recession We are heading into the great unknown. We?ve seen recessions before, but right now, this one feels different. The slowdown is
score: 10
That is recession, if not you should otherwise "fall into recession" define.
http://money.cnn.com/2008/11/07/markets/thebuzz/index.htm
Check http://www.economagic.com/em-cgi/data.exe/bci97/a0q050 for more statistics - especially in the 70s, 80s, and early 90s (This charts GNP gross national product, which was later replaced by the GDP gross domestic product that is currently in use today).
@notablenotices please make your self clear as to what you are on about(blue s and all) no one is talking about negative growth the link you provided is that far out of date, this year is believe it or not 2008
As I understand the question, it will be settled as yes if the National Bureau of Economic Research officially recognize that America is in recession until the suspension date of March 19th, 2009.
@curios you're settlement info wasn't clearly written in the background or settlement details. If you would like to have something added, please flag your question and request it.
http://www.hubdub.com/m19841/Will_the_UK_fall_into_recession_in_2008
Anyway, we are both saying the same thing.
when i first joined hubdub there was a hell of a row going. on getsatisfaction , and i said not for me. accusations where flying left and right, i came back in late April and another was on but i decided to stay, the person was being unduly persecuted, although i am English i have been australianised over here we call a spade a spade its not a( b) shovel , we have our disagreements have it out, then go to the pub together and every thing is forgotten!
with all due respect its a pity SOME Americans didn't take a leaf out of our book. incidently i have two cousins living there. cheers Chris
http://www.hubdub.com/m15440/Will_the_National_Bureau_of_Economic_Research_announce_in_2008_that_the_US_is_in_recession
as this closes at the end of the year mine is possibly more realistic .......put back
Please log in or join to add a comment