Friday Links
City and State Battle Over Housing Fund [NY Times] Report Shows Rapid Contraction of City Economy [NY Times] Reports Indicate Economy Is Getting Worse [NY Times] Warehouse of Knock-Offs Raided in Bushwick [NY Post] New York’s Slice of Obama’s Pie [NY Daily News] The Scramble for Yassky’s Seat [Brooklyn Paper]
City and State Battle Over Housing Fund [NY Times]
Report Shows Rapid Contraction of City Economy [NY Times]
Reports Indicate Economy Is Getting Worse [NY Times]
Warehouse of Knock-Offs Raided in Bushwick [NY Post]
New York’s Slice of Obama’s Pie [NY Daily News]
The Scramble for Yassky’s Seat [Brooklyn Paper]
[Brooklyn Paper]
More Pressure on MTA to Sell 370 Jay [Brooklyn Eagle]
Photo by Lost in Brooklyn in the Brownstoner Flickr Pool
Do you have any clue whatsoever as to where interest rates were in the period from 1975-1982??????????
The cut and paste just shows your ignorance and inability to analyze anything.
Why do any of us continue to engage this loon????
“By this yardstick, the last depression in the United States was from May 1937 to June 1938, where real GDP declined by 18.2 percent. ”
So the crash in 1929 never happen????!! Is that what you saying you retarded Asshat??? You are 7 years behind Dave like now!!!”
1937 to 1938 actually comes AFTER 1929, ASSHAT.
Christ, what a fool
‘less than expected’
I love spin! The way thses Assclowns spin the unemployment numbers is down right shocking, the money supply numbers, the GNP and any other BS they can get away with! The market is not buying that crap and when the revise these numbers I can see -4.8%. I know, I know you have to keep the delusion going to justify you insanity…
“By this yardstick, the last depression in the United States was from May 1937 to June 1938, where real GDP declined by 18.2 percent. ”
So the crash in 1929 never happen????!! Is that what you saying you retarded Asshat??? You are 7 years behind Dave like now!!!
That was at the end of the implosion Assnut! We are in the beginning stages of GD2!! The funny thing all of the geniuses was saying the same dumb things are the beginning of the crash and do not fess up until it was too late…
The What (Obama will save you..)
Someday this war is gonna end..
(Godfather of Team Loon)
This really isn’t news to me what!
I mean we all knew that December was going to hit hard and yes retail sales are way down – we all knew this was coming and would be revealed in January’s reports.
Ok, we know. The reports are out, the media is weighing in and now we are left with this info.
– let’s move on and figure out how to get out of it already
You coming to the party in March, What??? I suspect the first derivative on GDP will already have tuened positive by then.
There, that’ll keep him busy for a few hours trying to figure that one out.
“3.8% is depression territory!! That means the X-Mas shopping season was a total disaster!”
Here’s the AssWhat talking out of his ass again without any real knowledge.
FYI, retard…..
“So how can we tell the difference between a recession and a depression? A good rule of thumb for determining the difference between a recession and a depression is to look at the changes in GNP. A depression is any economic downturn where real GDP declines by more than 10 percent. A recession is an economic downturn that is less severe.
By this yardstick, the last depression in the United States was from May 1937 to June 1938, where real GDP declined by 18.2 percent. If we use this method then the Great Depression of the 1930s can be seen as two separate events: an incredibly severe depression lasting from August 1929 to March 1933 where real GDP declined by almost 33 percent, a period of recovery, then another less severe depression of 1937-38. The United States hasn’t had anything even close to a depression in the post-war period. The worst recession in the last 60 years was from November 1973 to March 1975, where real GDP fell by 4.9 percent. ”
I guess you didn’t see the Amazon number either.
“Buh Bye Retards! Nice knowing ya…”
please tell me you’re jumping off the George Washington bridge
3.8% ain’t no depression, What. And note the part you forgot, ‘less than expected’.
Hey Assheads you said that was not in a recession and you’re right. We are in a DEPRESSION!!!!
U.S. Economy Shrank 3.8% in Fourth Quarter, Most Since 1982
http://www.bloomberg.com/apps/news?pid=20601087&sid=aN1OnWuR4C4k&refer=home
Jan. 30 (Bloomberg) — The U.S. economy shrank less than forecast in the fourth quarter as a collapse in spending led to a buildup in inventories that will cause companies to retrench even more in the early part of this year.
Gross domestic product contracted at a 3.8 percent annual pace from October through December, the most since 1982, the Commerce Department said today in Washington. A gain in stockpiles contributed 1.3 percentage points to growth, partially compensating for a back-to-back drop in consumer spending. Prices also retreated.
3.8% is depression territory!! That means the X-Mas shopping season was a total disaster!
Now ask your self one question: Will asset prices hold up in “Brownstone Brooklyn”???
Buh Bye Retards! Nice knowing ya…
The What (Obama will save us..)
Someday this war is gonna end…