Question of curiousity.....

i lost my job because no work in companyi had shres which went down below 50% price that i bought i dont have money so i go to take loan from bank now banks supported by their heads so they are permitting less loans and lot of formalities. But i think situation may go more worse but will recover as stock market are recovering from their lows now

no, i was already retired due to health reasons. it will soon be 5 years so i know what it is to live close. i know alot don't & it's going to be very tough on them. i'm like you i think it's alreadt a depression. recession is just a nice word the goverment uses. have a good one.

I lost my job back in December due to the company rationalising the place where I worked out of existence. I've not found another job since then one reason being that I am only just over two years away from state retirement age and few people want to employ someone who has only a couple of years left to work. Especially if training is required - they don't want to spend the time and money on training. That leaves only poorly paid rubbish jobs that no one else wants to do and neither do I. So I'm now living on state benefits which I feel I'm fully entitled to since I have been working and paying taxes for more than 40 years. That does mean that my income is half of what it was last year, but my outgoings are less as well, so I am making ends meet. Recession or depression makes little difference when you are one of the casualties but one thing is clear to me, is this thing is not going to be over quickly or be susceptible to any "quick fixes" by any government.

I am fortunate that I work in such a sector, which is safer and it not going to be effected by recession. However, I really feel sorry for those, who were sacked or had to forcibly leave their jobs due to ongoing recession. It appears really bad to me that those people lost their coveted jobs and they will now try out from the scratch.

here the situation is starting to feel its way to the regular people as well. I work at the moment in a permanent position and in education. I have no fear of getting fired in the coming months. But I am about to do something really silly: start a company in a time of recession! yeah lets boost that economy and spend some money!!!! I never understand this economic crash anyway. how does a thing like that happen? I mean it is not as if all of a sudden people didnt buy things they bought normally anymore. I find it very strange. oh well, I am a bit simple.

I live in India and i am still a student. My father has a job in central government. In India recession is having a less effect. But i always hear from my father that his shares value has fallen down drastically and told me that when U.S comes out of recession then slowly Indian share market will also recover.

yeah,this economic recession is affecting almost everyone,if people are not losing their jobs,they are receiving a lower pay packet and their incentives are being reduced.the economic downturn will be termed as economic depression if this state last for some years like the great depression in 1929 which lasted for 10 years.

I actually did lose my job and so did my dad and a few people within my church. I ask myself the same questions you do and what will happen when and if all of that happens. I mean it took years to get out of it, so I wonder what Mr. Obama plans on doing to help. I mean there are more issues today then there was in the 1930's like student loans and more credit cards and what not.

My Mom lost her last job, December 2007 (when they say this recession officially started). She worked odd jobs since, but nothing solid. Myself? I'm an older teenage girl, I've looked for jobs, but mostly have only been able to work odd jobs. My Dad's the only one with solid work -- in fact, he's been promoted several times since December 2007. We're doing OK. Not awesome. But OK. We're extremely lucky, in comparison to most around here. Okay, for me, you can tell when a recession turns into a depression by how I define them: A recession is a slowdown in the overall economy. A depression is when the entire economy comes to a screeching halt. A few states are extremely close, like a single percent difference, to depression...whereas the entire country right now is in a recession. Jobs are what you look at, for general economic health. California's unemployment's one of the highest rates in the country...also, when looking at unemployment numbers, specifically the official ones, you need to remember that those numbers don't count those who've been unemployed for the past two years and who would work but can't find anything...so actually, the real numbers are much higher. The stock market doesn't usually mean anything unless it no longer has anything. We're kinda scarily close to a depression, in my opinion. I look at California, Michigan, Nevada, Florida...and now states like Illinois, and I see how close we are. Michigan, for example, has completely stagnated. There are pretty much NO jobs...in the capitol alone, whole neighborhoods of families are picking up and leaving. Migrating to various other states that say they have jobs. Just abandoning their houses. For the people they leave behind in those neighborhoods, they've been clamoring for their officials to DO something about the empty houses, because they say the homeless and criminals have begun moving in and that it's opened things up for vandals and thieves. Here in Ohio, there are no jobs in small towns or smaller sized cities...only rural jobs and big city jobs...and more than half of Ohio is comprised of farm land,so you can easily get an idea of how our economic situation is here. Every state has its own unique set of economic problems. But the ones I mentioned above seem to have it the worst right now. I hear rumors, lately, that people in Alaska...namely the city dwellers, or those who live down the road from cities, are beginning to starve 'cause of food prices. But hey, they're just rumors...I'm a news blogger, I hear lots of things and just talk about what I can confirm, most the time. Even once we cross over into a Depression...I get the feeling that the government will be reluctant to say we are for months after.

I have not lost my job but am being careful with what I spend....I don't think it will get to the banks losing all their money...or that stock market crashes to zero....they are watching that closely....I don't know when they will call it a depression....but if you look at history we do go through a recession about every seven years....it's a cycle.

Thats what I wondered too, at what point do they call it a depression? I think it was probably alot worse than it is now back in the Depression. I imagine everybody was out of work, and starving, not able to take care of their families, alot more people were homeless, I realize its bad right now, but I hope something happens before it gets THAT bad.

I haven't lost my job but I work less hours. I hope things start picking up but I think it is doubtful. Luckily I saved money and went through a phase where I didn't buy any luxury items because I felt possessions meant nothing. Things don't make me happy. Only things I make with my own hands make me happy and proud. Americans need to get over material goods. I'm sure our health and our family means more to us than some crumby BlackBerry. The economy could bring out the best in all of us.

I think there is some inherent rules in economy that it cannot boom all the time. Maybe the period of recession is for better development. Although it looks very serious this time that many friends around me have been influenced. I believe it will go away one day. Now I want to study hard to meet the recovery three or four years later (I wish it as short as possible).

I am not one of them, while I do not work I have been out of work for about a yera now, since I got pregnant with the baby. I left the job I had, I hate being pregnant and it just doesnt agree with me very much. My husband luckily still has his job so that is how we afford to live. We are surviving just as we were before. We are trying to save a little more here and there and everything that I make from here and the other sites will go into savings. I have had the same thoughts as you and it just gets me around in circles. Could you imagine if all these business were to close? Where would people work? What would people eat? Where would they live? etc? I dont know, its alot to think about and its alot to try to figure out in my opinion.

Well, the job situations don't affect us b/c Hubby has SSA but we've noticed the outrageous rise in prices and utilities. As to when they will declare it a depression...probably about 6 months after everything has collaped until then they will just keep smiling and telling everyone not to worry. [b]~~AT PEACE WITHIN~~ **STAND STRONG IN YOUR BELIEFS**[/b]