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I told you ALL already back in early 2008 that we WERE in a recession... The replies I got back were "numbers didn't show it"... I told you, YOU are the best indicator of a recession, if you FEEL it, then it IS there... but people kept clamoring about the numbers and don't need to save... it is STILL a recession and it is getting WORSE... the government bailouts are to be blamed for it getting worse (would it be a cherry pie without government intervention? Nope, I never said that). The government made it worse because instead of a year or two of recession, they made it into a 4-5 year recession with their bailouts (with the possibility of a depression)... you don't need to believe me... just wait and see when China is hoarding all of the gold and England lost half of their gold without a single shot fired... you want to spend money you don't have, its not going to end well and the same goes for the government spending money they don't have... good intentions pave the road to Hell...
Southwest Florida has been in a recession for almost 2 years. Glad to see you all finally joined in. Don't worry, it's not all that bad once you get use to it.
Because a recession has a very particular meaning and calling it before the fact would be speculating. Even in this case where it was pretty damn...obvious.
It has absolutely nothing to do with denial etc etc though. You just have to wait until the definition is satisfied for it to be officially called.
I told you ALL already back in early 2008 that we WERE in a recession... The replies I got back were "numbers didn't show it"... I told you, YOU are the best indicator of a recession, if you FEEL it, then it IS there... but people kept clamoring about the numbers and don't need to save... it is STILL a recession and it is getting WORSE... the government bailouts are to be blamed for it getting worse (would it be a cherry pie without government intervention? Nope, I never said that). The government made it worse because instead of a year or two of recession, they made it into a 4-5 year recession with their bailouts (with the possibility of a depression)... you don't need to believe me... just wait and see when China is hoarding all of the gold and England lost half of their gold without a single shot fired... you want to spend money you don't have, its not going to end well and the same goes for the government spending money they don't have... good intentions pave the road to Hell...
I guess my next thread should be "What took us so long to officially declare a depression?" ....
Evil, we have had our differences in other threads but I will give you this...you were dead on!
Quote:
Originally Posted by evilnewbie
I told you ALL already back in early 2008 that we WERE in a recession... The replies I got back were "numbers didn't show it"... I told you, YOU are the best indicator of a recession, if you FEEL it, then it IS there... but people kept clamoring about the numbers and don't need to save... it is STILL a recession and it is getting WORSE... the government bailouts are to be blamed for it getting worse (would it be a cherry pie without government intervention? Nope, I never said that). The government made it worse because instead of a year or two of recession, they made it into a 4-5 year recession with their bailouts (with the possibility of a depression)... you don't need to believe me... just wait and see when China is hoarding all of the gold and England lost half of their gold without a single shot fired... you want to spend money you don't have, its not going to end well and the same goes for the government spending money they don't have... good intentions pave the road to Hell...
Tyhe numbers that offically mean a recession were not there. In facxt in amny ares of the copuntry they still aren't;its the really badly hits areas that makeup the difference .
The first stage of any recession is denial that it's actually happening.
The turning point is when everybody finally acknowledges the recession and believes the sky is falling.
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recession
