Posted on 08/20/2011 7:19:58 PM PDT by SeekAndFind
Given that there is a well understood definition of a recession, I will agree that we are not in one. Depressions are not so well defined, but had there not been so much monetary stimulus, I believe that most economists would claim we are in a depression. It is quite possible that the monetary stimulus merely delayed the inevitable and the signs of depression are once again rearing their ugly head: high unemployment, lack of capital being invested, wildly fluctuating currency swings and falling prices. Nobody can seriously argue that the first 3 in the list are here. It now appears that deflation might be on the way.
By the way, prolonged depressions, of which there have been few, have had small streaks of modest prosperity.
We never left the recession, just marched in place for two years and then the stimulus money ran out and we’re headed for a real depression. Obviously, the government couldn’t cook the numbers enough anymore (who are you going to believe, our numbers or your lying eyes?).
This depression belongs to the marxist mulatto @ 16ØØ
I love how the article quotes “some analysts” as claiming that the slowdown is due to a spike in international oil prices . . . yet when there are high oil prices in Texas, that fact is taken as explaining the growth of the economy in Texas.
Seems as if “high oil prices” can be used to explain any particular set of economic facts one wishes: a slowdown or a speedup.
The Los Angeles Times is a leftist fringe newspaper. Don't believe anything they write...there's always an agenda.
Double dip recession, who in the hell is kidding who?
We are in the same recession we have been in, there has been no recovery. The up and down of the stock market has no relation to the out of work person on the street.
The stock market today is driven by goods made in China and elsewhere. The sales of and profits from those products do nothing to help manufacturing workers here in the US of A.
Rebound?
Was there a rebound???
You could knock me over with a feather.
If this government would publish the truth about inflation, unemployment, etc., instead of fudging the numbers people would better understand how much trouble we are really in.
Didn’t our imperious leader, the great Obama, say there would be no double-dip just as he headed off for Martha’s Vineyard and a round of golf?
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