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For the folks round these parts who are constantly harping about a hard recession at hand, here ya go.
Quote:
ARROYO GRANDE, Calif. (MarketWatch) -- Yes, a depression. Spelled: D-e-p-r-e-s-s-i-o-n. Wake up America, recessions don't work any more. Why?
Get serious folks. We had a 30-month recession not long ago. Eight years later the market's still barely at its 2000 peak, a loser. Worse, we're back in a new recession. But Washington politicians are keeping it a secret, feeding us doctored feel-good statistics as legendary political historian Kevin Phillips wrote in "Numbers Racket: Why the Economy is Worse Than We Know."
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