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  • It's an Economic Reset, Not a Recession [View article]
    Some of you have missed the point of the graph entirely - the first set of responses - the last set of responses are spot on.

    I am not implying that we are not in an economic downturn or using another word to placate it. I am in fact implying the far opposite and that we are in the worse downturn that some of us (depending on age) have ever experienced. Call it a Depression if you want and I won't argue with you, but point is, we will never get back to the lifestyle that we have known. It all changes from here on forward.

    Some of my professor friends are getting a kick out of the graph and one has asked for permission to show it to his students.
    Feb 27, 2009. 07:44 AM | 3 Likes Like |Link to Comment