tag:blogger.com,1999:blog-7590806168352381335.post5820695930403633020..comments2023-05-22T07:06:20.045-04:00Comments on Funny Economist - Randall Parker's Completely Serious Macroeconomics Blog: We are in a recession! The only questions are how deep and how long.Randall Parkerhttp://www.blogger.com/profile/10027493610187640456noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7590806168352381335.post-26354795160539318462008-11-14T07:53:00.000-05:002008-11-14T07:53:00.000-05:00Dr. Parker,If this recession started in Dec. 2007,...Dr. Parker,<BR/><BR/>If this recession started in Dec. 2007, when would be your prediction to a turnaround or climb toward positive growth(GDP)?<BR/>Do you think we could experience a mild depression with our current situation?<BR/>The bank runs earlier this year, the foreclosure crisis, investment companies merging or filing bankruptcy, unemployment possibly reaching 8-10%, etc. have created havoc in our economy. It's global now. Markets overseas are reaching new record lows as well.<BR/>It's a crazy time. I feel no one really has a plan. Maybe your blog can help put a gameplan together.<BR/>Keep up the good work. This was a great idea.<BR/>Regards,<BR/>taxguy77TAXGUY77https://www.blogger.com/profile/01588353415699113484noreply@blogger.comtag:blogger.com,1999:blog-7590806168352381335.post-8803624078807001602008-10-20T16:49:00.000-04:002008-10-20T16:49:00.000-04:00Two negative quarters of real gdp growth is a guid...Two negative quarters of real gdp growth is a guide and not a hard and fast rule, contrary to public opinion. You can't look at the labor market figures and not believe we are in a downturn. <BR/><BR/>Read this: http://www.econbrowser.com/archives/2008/10/the_downturn_wo.html#moreRandall Parkerhttps://www.blogger.com/profile/10027493610187640456noreply@blogger.comtag:blogger.com,1999:blog-7590806168352381335.post-6667183474032698652008-10-20T10:58:00.000-04:002008-10-20T10:58:00.000-04:00How are we in a recession if our economy is still ...How are we in a recession if our economy is still posting positive GDP growth numbers? We grew in Q1 and Q2 this year so the recession could not have started last December - right?Anonymousnoreply@blogger.com