"The recession is over"

[Viva Las Espuelas]

whew. i was starting to sweat.

[Winehole23]

Meanwhile, quan ative easing will proceed for the foreseeable future.

[Viva Las Espuelas]

Meanwhile, quan ative easing will proceed for the foreseeable future.

but of course

[Winehole23]

http://www.minyanville.com/articles/...ex/a/24469/p/1

[Viva Las Espuelas]

http://www.minyanville.com/articles/...ex/a/24469/p/1

deflation?

[Winehole23]

deflation?

Yep. Think about why such massive QE hasn't already resulted in hyperinflation, and about why the Fed is nowhere near applying the brakes.

[Viva Las Espuelas]

Yep. Think about why such massive QE hasn't already resulted in hyperinflation, and about why the Fed is nowhere near applying the brakes.

even with all that money that was printed?

[Winehole23]

Nowhere near.

[ChumpDumper]

Who said the recession was over?

Link.

[Bartleby]

Bernanke, apparently. Just heard a story about it on NPR.

http://www.kansascity.com/444/story/1448147.html

[ChumpDumper]

Most mainstream economists think that the National Bureau of Economic Research, the official scorekeeper of when recessions begin and end, eventually will declare that this downturn came to an end in the summer or early fall of 2009.

So it's the opinion of most mainstream economists.

Makes sense now.

[Winehole23]

GDP growth doesn't tell the whole story. From the jobs standpoint, it may be with us for years.

Mainstream economists aslo predict a long period of slow growth that may not be "experientially" much different from recession.

[ChumpDumper]

Right. I don't see anyone saying different.

[SpurNation]

I believe Obama said it in the beginning of his health care speech as well.

[Winehole23]

Right. I don't see anyone saying different.

Maybe not in so many words, but there is some happy talk, and GDP recovery is being stressed. Viva didn't pull it out of thin air.

[ChumpDumper]

Maybe not in so many words, but there is some happy talk, and GDP recovery is being stressed.

As is the slow recovery of jobs -- almost in the same sentence.

[Winehole23]

Sure. Viva's focus was selective. That's not so surprising, is it?

"From a technical perspective, the recession is very likely over at this point," Bernanke said in responding to questions at the Brookings Ins ution. "It's still going to feel like a very weak economy for some time because many people will still find that their job security and their employment status is not what they wish it was."

[boutons_deux]

60% of employees polled said they feared losing their jobs or having the job income reduced.

For citizens, it sure looks like a L-shaped recovery, much like Japan's in 1990s.

Most of the stimulus money is still to be spent, but probably the stimulus was too small given the evaporation of consumer spending.

corps and financial sector will do OK.

Many of the quality jobs will never come back. "disaster capitalism"

Pretty cool when the capitalists create and exploit the disaster ... for everybody else.

[Viva Las Espuelas]

Sure. Viva's focus was selective. That's not so surprising, is it?

yeah "recession" is pretty selective. i guess my demands to the MSM to repress the rest of the info went s up. guilty as charged.

[ChumpDumper]

So what was your point in making this thread?

[TeyshaBlue]

So what was your point in making this thread?

Chump-fishing....and successfully, apparently.

[ChumpDumper]

Chump-fishing....and successfully, apparenty.

Are you Viva?

[TeyshaBlue]

Are you Viva?

What do you think?

[ChumpDumper]

I don't know.

Are you?

[Nbadan]

The hyper-inflation crowd sure is quiet......where are those run away prices?