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I'm pretty sure the vast majority of folks on the ground are not buying that load of B.S. Maybe when they get jobs again they'll be willing to believe it's actually over.
Well, remember that a recession is basically a price adjustment, while a depression is a balance sheet adjustment. I would argue that we're actually seeing the mild patch of a depression, one that's actually been going on since 2007.
Well, here's a frightening thought - "recession" is based on overall national GDP. If GDP continues to grow (regardless of how slowly), then technically, there is no "recession," even if the labor market continues to decline.
It may be that the US economy no longer needs to create jobs in order to expand at a gradual rate, thanks to increased efficiency and careful corporate profits management, combined with overseas operations.
Perhaps we will reach a point where the labor market is in an open depression, but the country as a whole is not even in a technical recession.
A recession and recovery are two completely different things. The realy problem is that this isn't much of a recovery. Even then when government is the provider of liquidity its really hard to judge the recovery until they are completely eliminated form the game; as it where.
They engage in a lot of revisionism which puts them in a league of their own (which is why no one pays attention to them).
...the folks that you find in an online forum advocating a bunker mentality. Nothing like have a nice stockpile of canned food, dry seeds and plenty of bullets...
A recession and recovery are two completely different things. The realy problem is that this isn't much of a recovery. Even then when government is the provider of liquidity its really hard to judge the recovery until they are completely eliminated form the game; as it where.
Yup, the govt can't keep propping up the economy forever.
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Yep, better to stick with...
