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I've heard 2010. Bernanke said that he thinks the recession is pretty much over but we're still going to lose jobs for the remainder of the year. Most economists this year have been saying 2010 is the year for a start in the recovery but for me it's still a long haul. I think Suzie Orman said she expected 8 years after Lehman Brother's collapse that we will see everything recovered but I can't remember if it was 8 or 10 (or just a guesstimation). But I'm saying after we pay off the trillions of dollars we spent (some think that'll take a decade). This was a long time ago so my memory isn't that great.

But Obama says that he will cut the deficit in half by the end of his administration but...there are so many numbers being thrown around I kinda wonder which deficit, you know? XD I guess by saving up and not doing wasteful spending.

Mid 2010 I think we'll see an increase in jobs. These things always take time. I think that's a good estimation on a steady increase in jobs (rather than one month of an increase in jobs).

But Noriel Roubini (sp?) said that we have a chance of "double dipping" into another recession if we don't monitor it well. He was the guy who predicted the failure of 100s of banks including Wamu that would have to go under or merge with another bank (Wamu merged with Chase (JP Morgan)).

Man, I haven't looked at the news in a while. I mean economic news. I've been reading it but summer news is always a drag (esp. in the US). So I just catch certain things every once and a while.

But I take "good" news with a grain of salt nowadays. Some companies say they're just doing "great" and then they're insolvable later. *sigh* Oh well. Thanks for the article! <3

Edit: Oh, the cats. XD Sorry. Actually it's been sad for the pets in my Valley. When I was walking my dog a lady asked if I'd seen a white and orange dog around because the owners of it moved out of their house, left it in the desert and drove away. neutral I've seen more lost pets around my house and pooping in my yard now. I want to help them but they usually run away from me or something. Poor dogs. ):

I think it'll take at least a year before the new jobs are implemented. Hell, I've been out of a job since March of this year and its been a complete b***h trying to get another one. Plus, I just turned 25 in September, which means no life insurance at all until I get a full time job that offers benefits. Which sucks for me because I tend to get sick easily.

As part of my job, I listen to the occasional financial institution discuss the economy. Since it's only my job to monitor the audio quality, I don't really pay attention, but I can't help but pick up some stuff via osmosis.

One thing I keep hearing a lot is that the economy won't really recover until people believe it is recovering. So long as people are pessimistic and conservative and careful and not spending, the economy will be slow to get back on its feet.

I'm trying to focus harder on wiping out the last of my debt. A bit on a credit card, and some student loan. But yeah, it's frustrating and worrying and I don't know how some people are managing it. confused

Meow! The poor kitties!

Yes ;_; poor animals.

Don't use credit card. Switch over to Debit cards!

Why do you say that? Is it because the interest rates for credit cards cost an arm and a leg nowadays? Lou Dobbs had a report saying that more than....1/3 of Americans, I think, have over 20% interest rate. Just craaaaaazy.