Economists Predict Recession End

[AK]

Did Roubini actually predict an end to the recession?

[34f3f3f]

[quote=AK]Did Roubini actually predict an end to the recession?[/quote]
Not exactly. His is the last quote. He’s saying that personal incomes are a better measure and that he expects them to take four years to recover, which if we use 15 months ago as the starting point, then we have two and three quarter years to go. I believe that takes us to 2011/12. I do like Roubini, especially his mechanical, stoic delivery, which never fails to mesmerize me.

What struck me about all their comments, was the lack of focus on the housing market. Whether we are to read into that, that other greater forces are now at play, and that once the housing crisis has sorted itself out our troubles are far from over, I’m not sure. I agree that economic forecasts are bit like asking how long is a piece of string, but if you don’t have a light bulb, then you have to use a candle, and if you haven’t one of those, then you’ve got to wait for the dawn.

[34f3f3f]

[quote=AK]Did Roubini actually predict an end to the recession?[/quote]
Not exactly. His is the last quote. He’s saying that personal incomes are a better measure and that he expects them to take four years to recover, which if we use 15 months ago as the starting point, then we have two and three quarter years to go. I believe that takes us to 2011/12. I do like Roubini, especially his mechanical, stoic delivery, which never fails to mesmerize me.

What struck me about all their comments, was the lack of focus on the housing market. Whether we are to read into that, that other greater forces are now at play, and that once the housing crisis has sorted itself out our troubles are far from over, I’m not sure. I agree that economic forecasts are bit like asking how long is a piece of string, but if you don’t have a light bulb, then you have to use a candle, and if you haven’t one of those, then you’ve got to wait for the dawn.

[34f3f3f]

[quote=AK]Did Roubini actually predict an end to the recession?[/quote]
Not exactly. His is the last quote. He’s saying that personal incomes are a better measure and that he expects them to take four years to recover, which if we use 15 months ago as the starting point, then we have two and three quarter years to go. I believe that takes us to 2011/12. I do like Roubini, especially his mechanical, stoic delivery, which never fails to mesmerize me.

What struck me about all their comments, was the lack of focus on the housing market. Whether we are to read into that, that other greater forces are now at play, and that once the housing crisis has sorted itself out our troubles are far from over, I’m not sure. I agree that economic forecasts are bit like asking how long is a piece of string, but if you don’t have a light bulb, then you have to use a candle, and if you haven’t one of those, then you’ve got to wait for the dawn.

[34f3f3f]

[quote=AK]Did Roubini actually predict an end to the recession?[/quote]
Not exactly. His is the last quote. He’s saying that personal incomes are a better measure and that he expects them to take four years to recover, which if we use 15 months ago as the starting point, then we have two and three quarter years to go. I believe that takes us to 2011/12. I do like Roubini, especially his mechanical, stoic delivery, which never fails to mesmerize me.

What struck me about all their comments, was the lack of focus on the housing market. Whether we are to read into that, that other greater forces are now at play, and that once the housing crisis has sorted itself out our troubles are far from over, I’m not sure. I agree that economic forecasts are bit like asking how long is a piece of string, but if you don’t have a light bulb, then you have to use a candle, and if you haven’t one of those, then you’ve got to wait for the dawn.

[34f3f3f]

[quote=AK]Did Roubini actually predict an end to the recession?[/quote]
Not exactly. His is the last quote. He’s saying that personal incomes are a better measure and that he expects them to take four years to recover, which if we use 15 months ago as the starting point, then we have two and three quarter years to go. I believe that takes us to 2011/12. I do like Roubini, especially his mechanical, stoic delivery, which never fails to mesmerize me.

What struck me about all their comments, was the lack of focus on the housing market. Whether we are to read into that, that other greater forces are now at play, and that once the housing crisis has sorted itself out our troubles are far from over, I’m not sure. I agree that economic forecasts are bit like asking how long is a piece of string, but if you don’t have a light bulb, then you have to use a candle, and if you haven’t one of those, then you’ve got to wait for the dawn.

[underdose]

My question is, how many of these people (besides Roubini) were predicting clear sailing for the economy a few years ago? Really, how much credibility do any of them have? How many of them even a few months ago said “recovery by Q1 2009”?

Here’s another angle. How many “experts” predicted an end to the post 1929 crash recession by some time in 1931, 1933 at the latest? I think a lot of them did, and they were wrong by 10+ years.

Most of these “experts” are complete idiots. They’ve never been right yet. If the dollar collapses, a recovery is a very, very, very long way away. A recovery will require a complete paradigm shift and retooling of our economy, and the government’s run away borrowing and printing is taking us in the opposite direction. If these “experts” can’t see that, they should be losing their jobs, not all the nameless masses who are truly victims of other people’s incompetence.

[underdose]

My question is, how many of these people (besides Roubini) were predicting clear sailing for the economy a few years ago? Really, how much credibility do any of them have? How many of them even a few months ago said “recovery by Q1 2009”?

Here’s another angle. How many “experts” predicted an end to the post 1929 crash recession by some time in 1931, 1933 at the latest? I think a lot of them did, and they were wrong by 10+ years.

Most of these “experts” are complete idiots. They’ve never been right yet. If the dollar collapses, a recovery is a very, very, very long way away. A recovery will require a complete paradigm shift and retooling of our economy, and the government’s run away borrowing and printing is taking us in the opposite direction. If these “experts” can’t see that, they should be losing their jobs, not all the nameless masses who are truly victims of other people’s incompetence.

[underdose]

My question is, how many of these people (besides Roubini) were predicting clear sailing for the economy a few years ago? Really, how much credibility do any of them have? How many of them even a few months ago said “recovery by Q1 2009”?

Here’s another angle. How many “experts” predicted an end to the post 1929 crash recession by some time in 1931, 1933 at the latest? I think a lot of them did, and they were wrong by 10+ years.

Most of these “experts” are complete idiots. They’ve never been right yet. If the dollar collapses, a recovery is a very, very, very long way away. A recovery will require a complete paradigm shift and retooling of our economy, and the government’s run away borrowing and printing is taking us in the opposite direction. If these “experts” can’t see that, they should be losing their jobs, not all the nameless masses who are truly victims of other people’s incompetence.

[underdose]

My question is, how many of these people (besides Roubini) were predicting clear sailing for the economy a few years ago? Really, how much credibility do any of them have? How many of them even a few months ago said “recovery by Q1 2009”?

Here’s another angle. How many “experts” predicted an end to the post 1929 crash recession by some time in 1931, 1933 at the latest? I think a lot of them did, and they were wrong by 10+ years.

Most of these “experts” are complete idiots. They’ve never been right yet. If the dollar collapses, a recovery is a very, very, very long way away. A recovery will require a complete paradigm shift and retooling of our economy, and the government’s run away borrowing and printing is taking us in the opposite direction. If these “experts” can’t see that, they should be losing their jobs, not all the nameless masses who are truly victims of other people’s incompetence.

[underdose]

My question is, how many of these people (besides Roubini) were predicting clear sailing for the economy a few years ago? Really, how much credibility do any of them have? How many of them even a few months ago said “recovery by Q1 2009”?

Here’s another angle. How many “experts” predicted an end to the post 1929 crash recession by some time in 1931, 1933 at the latest? I think a lot of them did, and they were wrong by 10+ years.

Most of these “experts” are complete idiots. They’ve never been right yet. If the dollar collapses, a recovery is a very, very, very long way away. A recovery will require a complete paradigm shift and retooling of our economy, and the government’s run away borrowing and printing is taking us in the opposite direction. If these “experts” can’t see that, they should be losing their jobs, not all the nameless masses who are truly victims of other people’s incompetence.

[DWCAP]

I am still waiting for my Q4 2008 recovery. You remember, the one promised right about the time AIG was loosing sixty some odd billion and we bailed out the banks, insurance guys, and the auto makers.

I was assured it would all be ok by Christmas 08.

[DWCAP]

I am still waiting for my Q4 2008 recovery. You remember, the one promised right about the time AIG was loosing sixty some odd billion and we bailed out the banks, insurance guys, and the auto makers.

I was assured it would all be ok by Christmas 08.

[DWCAP]

I am still waiting for my Q4 2008 recovery. You remember, the one promised right about the time AIG was loosing sixty some odd billion and we bailed out the banks, insurance guys, and the auto makers.

I was assured it would all be ok by Christmas 08.

[DWCAP]

I am still waiting for my Q4 2008 recovery. You remember, the one promised right about the time AIG was loosing sixty some odd billion and we bailed out the banks, insurance guys, and the auto makers.

I was assured it would all be ok by Christmas 08.

[Author]

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