The 2009 RECESSION has ended/is coming to a close. It was a pretty bad one as far as recessions go, but did not qualify as a depression.[/quote]
What? You did not hear? Obama announced yesterday that we were going into a depression next year and to get your money out of the markets and hedge a little gold incase of disaster.
Sounds ridiculous, doesn’t it? Why, because they would never ever say that even if it were true.
During the depression they( the vast majority of economists) were talking recovery immediately after the oct 1929 crash up until the war. About 10 years. The market even retraced back up 70% for about 6-7 months after the crash.
Why do you think they all got it so wrong? Answer that question and you gain a little more insight on the nature of politics and economics.
Kool-aide is a favorite dish of the .gov/financial complex when things go bad. They have teams of PR people coming up with things to say. Some of them even believe themselves. Sure, it feels good at first. However, it’s not so good for you in the long run.
I, personally, get the recovery brigade, I really get it. You can’t quite say, “things are so fucked we have no idea what will happen”. It does not go over so well with the public. Tends to affect their purchase decisions. haha Still, when you look at actions, you have to wonder if they have any clue at all or are just winging it as they go along to some half-baked monetary theory, devoid of any logic, that really has no way of ever empirically testing itself. Economics is far from a science,
