[Brilliant]

Most would say we're already in a recession.

[CodeToad]

Most homes over $300k are already 45% off their peak.

[pallis]

The old recession has never ended, and most of us would call it a depression. It will get worse this year, and next year, for however long the bunch of losers at the White House and the Fed are trying to fix it.

[darkwing104]

New recession begins next year, Shilling says

Lets get out of the current one first...

[Orange1998]

Its only a depression or recession to the ones who lost their jobs. All the others pay no attention.

[the invisib1e hand]

we’re already two years from the end of the last recession...

Hunh. I must have missed the memo.

[ProtectOurFreedom]

14 million people out of work for record-setting durations; another 11 million well-educated people flipping burgers or greeting shoppers for a living. Yeah, we’ve been out of recession for two years now. Right.

And we’re headed for an even deeper hole with the communist policies of the ruling class who are, of course, completely insulated from the dreadful results of their actions.

We are so thoroughly hosed.

[Domandred]

we’re already two years from the end of the last recession

Yea okay whatever. We're still in it.

[FlingWingFlyer]

How ‘bout that “Hope ‘n’ Change”?

[TwelveOfTwenty]

Most would say we're already in a recession.

If a recession ends when the GDP turns positive for two quarters, then strictly speaking we are out of the last recession.

But the GDP didn't grow because of an economic recovery. We paid for the growth by borrowing foreign $$$ to pay for what little we got. IMHO, we're not out of the recession until the GDP grows without borrowed foreign dollars.

[GlockThe Vote]

More like depression.

[Fresh Wind]

We’re just getting into Summer Of Recovery II, nothing to worry about. The Sepia Savior will fix everything between golf outings.