The Global Economic Recession is OVER

[RGBVideo]

PEOPLE!
WAS THERE A GLOBAL ECONOMIC RECESSION, GOING ON? I HAVEN'T HAD A CLUE! COULD SOMEONE FIND ME SOME STATISTICS ABOUT THIS RECESSION, PLEASE?

[/caps-lock syndrome - sorry, got carried out]

[Willem]

Originally posted by Stefu
It's the sixth time this recession has stopped! Hooray!

Recession, what recession? Canada's economy has been doing fine for quite some time now. We've barely noticed a thing.

Which blows this whole thread out of the water, since there never was a global recession. It was confined only to certain countries.

[TheStinger]

Has global economic output fallen for 2 quarters in a row, if not there was no recesion.

[Spiffor]

I'm too lazy to find statistics, but there was definitely a near-nil growth in western economies these years. In the US, the fall of the tech-bubble has quickly stopped growth (form 5.6% in Q1 2002 to about 0% in Q4 2002). In Germany, growth is near nil for some years now. In France, there has been a negative growth in Q4 2002, while it was pretty solid in the beginning of 2002 too.

[Az]

a 6% Per Capita GDP dip in the last 3 years, here.

[Japher]

Recession, what recession? Canada's economy has been doing fine for quite some time now. We've barely noticed a thing.

Canada's Economy? What economy?

[Saras]

Lithuanian GDP grew 9.1% yoy in Q1 2003. I fart in the general direction of that recession.

[Boris Godunov]

Let's wait and see what other bubbles are going to pop, like the real estate bubble and the debt bubble.

*pop!*

[HershOstropoler]

Originally posted by Saras
Lithuanian GDP grew 9.1% yoy in Q1 2003. I fart in the general direction of that recession.

Wow, those 3 extra tourists sure had an impact....

[Dinner]

Originally posted by Boris Godunov
Let's wait and see what other bubbles are going to pop, like the real estate bubble and the debt bubble.

*pop!*

I hope the realestate bubble doesn't pop any time soon. I'm going to be buying a house around the end of the year and I'm going to be needing a greater fool in about 2-3 years.

[Japher]

Let's wait and see what other bubbles are going to pop, like the real estate bubble and the debt bubble.

Hopefully, that would be nice.

"Be fearful when others are greedy and greedy only when others are fearful." - Warren Buffet

Wow, those 3 extra tourists sure had an impact....

Yeah, they give 'em gas

[Sten Sture]

4 tourists... that one Russian guy went back to see his momma in Kiev, and when he returned they considered him a "tourist". Technicality.

[DanS]

Lithuanian GDP grew 9.1% yoy in Q1 2003.

The tiger on the Baltic!

[Drogue]

Originally posted by Boris Godunov
Let's wait and see what other bubbles are going to pop, like the real estate bubble

Over hear, soon would be my guess.

Originally posted by Boris Godunov
and the debt bubble.

Sadly, I don't see that poping. With the nature of repayments I think when it does it will be slowly, but it's still rising here IIRC, which is very worrying. Why do people get in so much debt? It just seems to be normal and accepted to have several hundreds of pounds on credit cards that you can't pay off, accruing interest

[Q Classic]

there's been a recession in the states. harder for me to get summer employment.

however, this recession seems not to have touched skorea, which is good.

internet 2 will have porn on it as soon as they allow commercial sites on it. hell, freenet had porn on it from its inception, iirc.

as for biotech... like the dotcommers, i don't think that's really going to be that hot. it'll definitely get more respect, but it won't be anything on the mania we saw before when one could say that one was cloning goatfvckers and get a high ipo for it.