[quote=jpinpb]This just drives me crazy. In one breath Greenspan (perhaps smoking green shoots) says the recession is over. Okay. Let’s go w/it and say unemployment is a lagging indicator. If the recession is over, WHY do we need this continued credit, increased credit, no less.
[/quote]

zThey know the recession isn’t over. Banks aren’t lending, Assets
are still deflating, jobs are still being lost and christmas is setting up as
a bad year.