TeakDoor.com - The Thailand Forum - View Single Post - A note of caution for those with deposits in US Banks

Milkman · 01-05-2008, 03:52 PM

Tex and CT, are right.

Yes, the economy grew.

And yes, we know that standard definition of a recession is "two consecutive quarters of negative GDP growth."

Even with the growth (0.6%) there are many economic factors that are hurting many (not all) people.

Regardless of GDP growth, we have the other factors, what we've all been discussing on these threads.

01-05-2008, 03:52 PM	#179 (permalink)
Milkman Gone Off Join Date: Dec 2005 Location: shelf Posts: 15,362	Tex and CT, are right. Yes, the economy grew. And yes, we know that standard definition of a recession is "two consecutive quarters of negative GDP growth." Even with the growth (0.6%) there are many economic factors that are hurting many (not all) people. Regardless of GDP growth, we have the other factors, what we've all been discussing on these threads. __________________ *Military men are dumb, stupid animals, to be used as pawns for foreign policy* – Henry Kissinger (January-February 2003 edition of Eagle Newsletter) To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.