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Market Currents

Tuesday, July 28, 2009
11:32 AM TweetThis
  • Given the steepness of the fall, conventional wisdom dictates the recovery from this recession will be long and painful. But, if historical evidence is to be trusted, the same economists that were too optimistic on the way down, are being too pessimistic about the rebound. "Very few recessions last longer than two years. And most recoveries, once they start, are strong."
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This news story has 8 comments:

  •  
    What a load of crap...need explanation...here

    www.zerohedge.com/arti...

    compliments of Tyler Durden and ZH crew...thanks god for you all.
    Jul 28 11:47 AM | Link | Reply
  •  
    The comparisons are no longer valid because the recoveries occurred when we were a capitalist society and not burdened by excessive government regulation and taxes.
    Jul 28 12:01 PM | Link | Reply
  •  
    We are in recession heading for depression. Any blip is just more debt haze. When they start liquidating bank debt holders, the light at the end of the tunnel will cease to be a train.
    Jul 28 12:11 PM | Link | Reply
  •  
    This article was written by a business consultant. Trying to drum up new business?
    Jul 28 12:15 PM | Link | Reply
  •  
    First this is a particularly strong recession. The possibility of a depression was being considered. Naturally the recovery will be longer. Second your statement about only the economists (who were overly optimistic at the beginning) being pessimistic now is patently false. Dr. Roubini, who was nicknamed Dr. Doom for his pessimistic views early on, thinks the recovery will be lengthy (as do others in his cabal). The IMF thinks the recovery will be lengthy. It is my impression that most respected economists share this view.
    Jul 28 12:15 PM | Link | Reply
  •  
    Historical evidence loses more credibility the longer ho*ses**it like this is published. The problems are now systemic like never before. The disease has appeared to be dormant (to some) but has been infecting all major organs and is now virtually incurable. Buy stocks now and spend your time planning for your failure instead of posting this crap to the web. We would all be better off.
    Jul 28 12:22 PM | Link | Reply
  •  
    Most recoveries were boosted by real jobs, producing real things, that the rest of the world--and ourselves--consumed.

    We no longer have a "real" economy and this isn't the start of a "real" recovery.
    Jul 28 01:58 PM | Link | Reply
  •  
    Holy cow! These comments certainly show contrarians are always extremely rare.

    The study was over 200 years. You bunch of whackos are seriously going to make me believe what we live now is the worst the world has ever lived through in 200 years and there's no coming back, ever? And that that after 25 recessions with the same outcome this one is THE ONE, the 26th one to end them all, the one out of 26 that will outlast all others?

    Sheesh, get a grip, people. You will find you, nor the time you live in are going to be as important as you make it to be, in retrospect.
    Jul 28 02:27 PM | Link | Reply
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