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Thread: Dow Jones closes above 8000 - Recession Ends?

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    Politics.ie Member Digout's Avatar
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    Default Dow Jones closes above 8000 - Recession Ends?

    They like the story coming out of the G20, could this be the beginning of the end in the states? I heard on the radio this morning that house sales had increased there, and prices also went up .9% in the UK.

    Wall Street surges on accounting rule change, G20 - Yahoo! Finance
    Last edited by Digout; 2nd April 2009 at 09:21 PM. Reason: spelling

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    It is not the beginning of the end in the states, it is the beginning of the end of the states.

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    Politics.ie Member 20000miles's Avatar
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    I agree. They said that Herbert Hoover's government spending, consumption stimulus and "maintanance of demand" were ending the Great Depression in 1931. Boy were they wrong.

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    Politics.ie Member Digout's Avatar
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    Politics.ie Member 20000miles's Avatar
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    Quote Originally Posted by Digout View Post
    Good to know that journalists think unaffordable housing is part of the recovery

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    The printers are just heating up and the big push is on,lets all devalue and inflate together yipee.
    Us poor and getting poorer humans.
    A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.

    WEAVER, HENRY GRADY,

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    House sales in the US are increasing because of sell offs of repo-ed houses. Hardly points to a recovery.

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    Ssh don't tell everyone.
    Quote Originally Posted by silvernut View Post
    House sales in the US are increasing because of sell offs of repo-ed houses. Hardly points to a recovery.
    A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.

    WEAVER, HENRY GRADY,

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    Politics.ie Member Supermanpolitician's Avatar
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    Stock markets fell well in advance of the recession. They are always ahead of the curve. Could be a good time to invest. When people are brave, be scared. When people are scared, be brave.

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    Positive news anyway. Good to see. Now for Sterling to Strengthen against the Euro

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