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Well, damn! This must be the new prosperity!<BR> <BR>
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From: gram.graham@sbcglobal.net<BR>To: graham2639@mindspring.com; massoud1@windstream.net<BR>Date: Mon, 20 Sep 2010 14:50:35 -0500<BR>CC: discuss@paa-tx.org<BR>Subject: Re: [PAA-Discuss] CNN Says Recession Ended June 2009<BR><BR>
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<DIV dir=ltr align=left><SPAN class=ecx862454019-20092010><FONT color=#0000ff size=2 face=Arial>surely Massoud is pulling a leg here........or maybe it is right to say that one recession has ended and we are about to enter into a full blown DEPRESSION.......I was reading this article when I realized that what is getting ready to happen and makes "recovery" impossible. The banks that were bailed out are insolvent <A href="http://www.thetruthseeker.co.uk/article.asp?ID=13460" target=_blank>http://www.thetruthseeker.co.uk/article.asp?ID=13460</A> The recovery was a fairy tale.</FONT></SPAN></DIV><BR>
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<FONT size=2 face=Tahoma><B>From:</B> discuss-bounces@paa-tx.org [mailto:discuss-bounces@paa-tx.org] <B>On Behalf Of </B>Ron and Kris Graham<BR><B>Sent:</B> Monday, September 20, 2010 2:34 PM<BR><B>To:</B> 'Massoud'<BR><B>Cc:</B> 'PAA discussion'<BR><B>Subject:</B> Re: [PAA-Discuss] CNN Says Recession Ended June 2009<BR></FONT><BR></DIV>
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<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">Yeah, I was just reading about this in the Raw Story, Massoud. It would seem that if Mr. Obama says something then it must be true. Same with economists. Hmmmmmm..............very strange, indeed.</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt"> </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">We’ve had a recovery according to the article below. I wonder if all the people out of a job or being underpaid in their current job and unable to pay the bills would agree with that assessment.</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt"> </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">Kris</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt"> </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt"><A href="http://rawstory.com/news/afp/US_exits_longest_recession_since_Wo_09202010.html" target=_blank>http://rawstory.com/news/afp/US_exits_longest_recession_since_Wo_09202010.html</A></SPAN></FONT></P>
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<B><FONT color=black size=4 face="Times New Roman"><SPAN style="COLOR: black; FONT-SIZE: 14pt; FONT-WEIGHT: bold">US exits longest recession since World War II</SPAN></FONT></B><FONT size=4><SPAN style="FONT-SIZE: 14pt"> </SPAN></FONT><FONT color=black size=1><SPAN style="COLOR: black; FONT-SIZE: 7.5pt"><A href="http://rawstory.com/" target=_blank></A></SPAN></FONT><BR>
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<P style="MARGIN-BOTTOM: 12pt" class=ecxMsoNormal><FONT color=black size=1 face="Times New Roman"><SPAN style="COLOR: black; FONT-SIZE: 7.5pt">Published: Monday September 20, 2010</SPAN></FONT><BR><BR></P></TD>
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<FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">The US economy exited recession in June 2009, the National Bureau of Economic <A href="http://rawstory.com/news/afp/US_exits_longest_recession_since_Wo_09202010.html" target=_blank>Research</A> said on Monday, ending the most sustained downturn since World War II.</SPAN></FONT><BR>
<FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">"The recession lasted 18 months, which makes it the longest of any recession since World War II," the bureau said in a statement.</SPAN></FONT><BR>
<FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">More than eight million jobs were lost in the slump that was triggered by dodgy <A href="http://rawstory.com/news/afp/US_exits_longest_recession_since_Wo_09202010.html" target=_blank>Wall <NOBR style="FONT-FAMILY: serif; COLOR: #2b65b0; FONT-SIZE: 100%; FONT-WEIGHT: normal" id=ecxitxt_nobr_4_0>Street<SPAN style="TEXT-DECORATION: none"><IMG style="BORDER-BOTTOM: 0pt; BORDER-LEFT: 0pt; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 10px; PADDING-RIGHT: 0pt; DISPLAY: inline; FLOAT: none; HEIGHT: 10px; BORDER-TOP: 0pt; TOP: 1px; BORDER-RIGHT: 0pt; PADDING-TOP: 0pt; LEFT: 1px" id=ecx_x0000_i1031 border=0 src="cid:862454019@20092010-136C" width=10 height=10></SPAN></A></NOBR> mortgage investments.</SPAN></FONT><BR>
<FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">Although the economic pain continues to be felt across the country, with one in ten US workers still without a job, the NBER said a slew for economic data showed the worst had now passed.</SPAN></FONT><BR>
<FONT color=red size=3 face="Times New Roman"><SPAN style="COLOR: red; FONT-SIZE: 12pt">Despite economists' warnings of a double-dip recession, the bureau said the economy had recovered enough that any new slide would constitute a new recession.</SPAN></FONT><BR>
<FONT color=red size=3 face="Times New Roman"><SPAN style="COLOR: red; FONT-SIZE: 12pt">"The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007."</SPAN></FONT><BR>
<FONT color=red size=3 face="Times New Roman"><SPAN style="COLOR: red; FONT-SIZE: 12pt">"The basis for this decision was the length and strength of the recovery to date."</SPAN></FONT><BR>
<FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">At the same time it warned that "economic activity is typically below normal in the early stages of an expansion, and it sometimes remains so well into the expansion."</SPAN></FONT><BR>
<FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">Unlike many countries where a recession is defined as two consecutive quarters of shrinking growth domestic product, in the United States it is determined by a seven-member NBER panel.</SPAN></FONT><BR>
<FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">Although the depth of the crisis had already been clear, the NBER confirmed it was longer that those which began in 1973 and 1981 and which both lasted 16 months.</SPAN></FONT><BR>
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<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">-----Original Message-----<BR>From: Massoud [mailto:massoud1@windstream.net] <BR>Sent: Monday, September 20, 2010 2:28 PM<BR>To: graham2639@mindspring.com<BR>Cc: 'PAA discussion'; 'Deb Shafto '<BR>Subject: RE: [PAA-Discuss] CNN Says Recession Ended June 2009</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt"> </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">Well Kris, the last recession was over after Mr. Obama said so and it seems</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">a new one has already started but nobody knows about it yet! It is a</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">complicated economy "thing" you know. Only the experts can define it, we the</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">working people only can feel it!</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt"> </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">Massoud</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt"> </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt"> </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">-----Original Message-----</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">From: discuss-bounces@paa-tx.org [mailto:discuss-bounces@paa-tx.org] On</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">Behalf Of Ron and Kris Graham</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">Sent: Monday, September 20, 2010 1:39 PM</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">To: 'PAA discussion'; Deb Shafto </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">Subject: [PAA-Discuss] CNN Says Recession Ended June 2009</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt"> </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">I wasn't aware the "recession" HAD ended. Have I missed something?</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt"> </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">Kris</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt"> </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">-----Original Message-----</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">From: CNN Breaking News [mailto:BreakingNews@mail.cnn.com] </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">Sent: Monday, September 20, 2010 9:49 AM</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">To: textbreakingnews@ema3lsv06.turner.com</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">Subject: CNN Breaking News</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt"> </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">-- Recession that started in December 2007 ended in June 2009, making it</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">longest since WWII, group says.</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt"> </SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">>+=+=+=+=+=+=+=+=+=+=+=+=+=</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">Read about ExxonMobil and energy safety.</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">http://www.exxonmobilsafety.com/</SPAN></FONT></P>
<P class=ecxMsoPlainText><FONT size=2 face="Courier New"><SPAN style="FONT-SIZE: 10pt">>+=+=+=+=+=+=+=+=+=+=+=+=+=</SPAN></FONT></P>
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