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But Bernake said it would happen 2H09.
Who said 2H08 ?
Now they say 2H10.
Just keep stringing us along. No one knows when we'll have a "recovery" and no one can define what we will recover to either cause it won't be the "bubble" economy that's for sure.
Loks like teh latest news is that unemployemnt roase agin and retail sales dropped. They could call the recession and they can't project the turn.
Ooh the best part.. retail sales dropped even after they pumped BILLIONS into the cash for clunkers program which pumped up the auto industry.
The worse part, those taking advantage of the cash for clunkers, cant afford to take part in it and we're just creating another bubble. After all, who will buy cars later if we're pushing billions to do so now?
That is a really old article (December 2008). Most economists now are predicting recovery as early as this fall of '09. The stock market has been climbing quickly since May, and the DOW has rebounded to 9300 from a low of 6400 in March. Many companies posted Q2 profits recently.
Because job growth lags economic growth, we won't see large scale hiring until 2010. But the economy is finding solid footing again and it looks like the recession is coming to an end.
The worse part, those taking advantage of the cash for clunkers, cant afford to take part in it and we're just creating another bubble.
And the evidence for this is....?
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