[quote=briansd1][quote=CA renter] Until our debt situation is addressed in a responsible way, we are not out of the recession, IMHO. Also, if we do not address the systemic problems regarding our tax and trade policies, any “recovery” will be tepid and fleeing.[/quote]
I’m sorry but you will have to find another word, CA renter. Using the word recession to mean economic uncertainty is simply not correct.
Recession means contraction in economic output or jobs, or whatever. We have had growth from a low point. That’s growth, not recession.[/quote]
Okay, I’m using my own definition of a recession.
Where would we be without all the artificial stimulus that’s been provided by the Fed/govt/taxpayers — all of which will cause even greater problems (and an even greater “official” recession/depression) in the future? IMHO, if an economy can’t grow on its own, and is performing at below-normal levels even with massive pumping at the govt/Fed level, then we are in a recession.
Of course, my definition is not the “official” definition, but I think it’s a much more honest and valuable assessment than the “official” version.
