No, of course we didn’t but I never believed the recession was over. Right now we’re playing with the idea of inviting a depression.
There is a number of us on FR that have long been stating that we never came out of the first initial recession.
How right you are. I will get flamed on this, but had Bernanke not pumped massive amounts of liquidity into the market, we most likely would be in one right now. Currencies are fluctuating wildly, unemployment is prolonged and very high, investors are not investing in job creating ventures ... all classic symptoms of a depression. The only symptom we are not seeing is falling prices. We are in dangerous waters, caused by failed fiscal policy.