Is The Great Recession Over? (unemployment, poll, economy, 2014)

[knowledgeiskey]

Economists say the economy is back on its feet. Do you agree with them?

[Fiddlehead]

Nope. I think this European thing is an echo of the recession that could well come back around. I hope I am wrong.

You ask a different question the poll above though.

[mackinac81]

If Europe doesn't implode--and I hope to God it doesn't--then yes, the Great Recession will probably end sometime this year, I think. But wer'e not out of the woods yet. There are a lot of variables around the world this year, and anything could happen.

[NewYorkGuy]

Originally Posted by knowledgeiskey

Economists say the economy is back on its feet. Do you agree with them?

It's been over for a while. However, anti-American Republicans are bent on bringing us back there with the vain hope that it might help them politically.

[afoigrokerkok]

Originally Posted by mackinac81

If Europe doesn't implode--and I hope to God it doesn't--then yes, the Great Recession will probably end sometime this year, I think.

So you think unemployment will go down to a reasonable level this year?

Do you think most of the discouraged workers will be able to re-enter the labor force and find jobs?

Do you think the fact that Americans are earning 10% less than they did four years ago will be corrected this year?

[afoigrokerkok]

Originally Posted by knowledgeiskey

Economists say the economy is back on its feet. Do you agree with them?

Economists say the economy is "back on its feet"? LOL

Many economists say it's improving, but hardly that it's "back on its feet."

[VerBoston]

Not even close; the Fed announced today that they would not be touching interest rates until late 2014. We have a long way to go.

http://www.nytimes.com/2012/01/26/bu...late-2014.html

[jbcmh81]

The actual recession ended in 2009, but the problem is that it was worldwide, and it takes awhile to recover from that. It took 40 years to fully recover from the Great Depression. It may take years more to get back to where we were. But keep in mind that housing and some other aspects of our pre-recession economy, are never coming back.

[mackinac81]

Originally Posted by afoigrokerkok

So you think unemployment will go down to a reasonable level this year?

Do you think most of the discouraged workers will be able to re-enter the labor force and find jobs?

You think the fact that Americans are earning 10% less than they did four years ago will be corrected this year?

Doubtful. I didn't say that the potential recovery would be great, and we'll have a ways to go. But I do think we'll be on a definite upward trend--more so than the past three. I could be wrong though. Again, too many variables, but I'm cautiously optimistic. It's better than being constantly pessimistic.

[sanrene]

Originally Posted by knowledgeiskey

Economists say the economy is back on its feet. Do you agree with them?

Where are they saying this?

Bernanke just yesterday said the Fed with keep interest rates as they are at least until 2013, which signals a very weak Wreckovery.