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Larry Summers: Hey, it's party time, the recession is over and jobs by spring!
- Thread starter PlusMinus
- Start date
Quote from vulture:
"The recession ended in June" I hope was a tongue in cheek reply because all I see are sales tax receipts down and the majority of local governments in such deep shit it boggles the mind.
Proof that many are narrowly focusing on specific economic "indicators" and disregarding the underlying inputs and periphery information.
Unemployment down .2%.... MUST BUY STOCK!!!!
It will be a hard fall.
everyone on earth knows the next few years will be hell. with massive deleveraging its assured. but wall street could care less as they took huge advantage of a known short term upswing to make 10's of billions by hyping it to the moon and sucking millions in. everyone knew last spring we'd get a short term pop with massive stimulus and inventory rebuilding. but they won't tell anyone till after the fact it won't last.traders and investors now adays don't care if the mkt goes to 5k tommorrow as they want to play the trend right here and now.
Quote from ralph00:
Recession ended in June.
Depends on what TV network you watch.
Christina Romer, 12/13/09, Meet the Press with David Gregory
http://www.msnbc.msn.com/id/21134540/vp/34403589#34403589
Larry Summers, 12/13/09, This Week with George Stephanopolous
http://blogs.abcnews.com/george/2009/12/summers-job-growth-by-spring.html
Thank you to Matt Drudge for highlighting todays cacophony of the administration.
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The ET masters of catching falling knives are fun to watch as they bleed out.
Nobody knows the end of a recession until the glory of the former economy is restored. Until then, the recession is still around. And at this time, the DOW notwithstanding, we haven't improved any. In case some of you missed the changes, the DOW is no longer a measure of America's industrial strength.
Jobless recovery is a contradiction. Political bullshit. Should any ET poster still hold onto any political figure for hope of a better economy, you are invited to go back to school and learn something. Turn off the media or you will continue to spin your wheels.
This is no recession. The numbers are plain.
Nobody knows the end of a recession until the glory of the former economy is restored. Until then, the recession is still around. And at this time, the DOW notwithstanding, we haven't improved any. In case some of you missed the changes, the DOW is no longer a measure of America's industrial strength.
Jobless recovery is a contradiction. Political bullshit. Should any ET poster still hold onto any political figure for hope of a better economy, you are invited to go back to school and learn something. Turn off the media or you will continue to spin your wheels.
This is no recession. The numbers are plain.
Quote from Emini Maestro:
The ET masters of catching falling knives are fun to watch as they bleed out.
Nobody knows the end of a recession until the glory of the former economy is restored. Until then, the recession is still around. And at this time, the DOW notwithstanding, we haven't improved any. In case some of you missed the changes, the DOW is no longer a measure of America's industrial strength.
Jobless recovery is a contradiction. Political bullshit. Should any ET poster still hold onto any political figure for hope of a better economy, you are invited to go back to school and learn something. Turn off the media or you will continue to spin your wheels.
This is no recession. The numbers are plain.
I think you are confused as to the definition of a recession. Recession does not simply mean "bad economic times".