Recovery? What recovery? The question: "Thinking about your own experience of economic conditions, would you say that from your point of view the recession is over, or not over?" Result: Not over, 82%.
Give me a break...we a going to get employment,we are going to have personal income going up and we are going to see stabilization in home prices....then people ( lagging indicator) are going to say we are in recovery....
If you're a Wall Street executive, you've been dancing on air since you started laying off massive numbers of people in 2008.
If you're a day/swing trader, you've been loving life for months now.
If you're an active investor, you might be feeling like you're almost back to even.
If you're a white-collar worker, your investments (mostly institutional, some personal) still haven't recovered fully, you might have only taken a minor pay cut, but at least you're still employed, though your house might be underwater.
If you're a blue collar worker, your investments (all institutional) still haven't recovered fully, you're either unemployed or underemployed, and the threat of layoffs is still looming large, and your house might be underwater.
> bbro, you just used too much logic for people here at SA. > > Start yelling more. And saying how Obama is a socialist and we are > all going to die because of death panels. Comeon, get with the program!
"...89 percent rate the economy negatively, 77 percent call it a bad time to spend money and 59 percent say their own finances are hurting – all near their lows in 23 years of weekly polls."
Now THAT's not speculation, nor "economist fuzzy math". That is from the source of economic spending. A harsh logical reality that eludes the "experts".
Hey bbro, the "lagging indicator" has been lagging for close to 2 years now. Define "lagging" and then define "trending".
This news story has 14 comments:
have personal income going up and we are going to see
stabilization in home prices....then people ( lagging indicator) are
going to say we are in recovery....
Start yelling more. And saying how Obama is a socialist and we are all going to die because of death panels. Comeon, get with the program!
If you're a Wall Street executive, you've been dancing on air since you started laying off massive numbers of people in 2008.
If you're a day/swing trader, you've been loving life for months now.
If you're an active investor, you might be feeling like you're almost back to even.
If you're a white-collar worker, your investments (mostly institutional, some personal) still haven't recovered fully, you might have only taken a minor pay cut, but at least you're still employed, though your house might be underwater.
If you're a blue collar worker, your investments (all institutional) still haven't recovered fully, you're either unemployed or underemployed, and the threat of layoffs is still looming large, and your house might be underwater.
On Oct 23 10:48 AM Machiavelli999 wrote:
> bbro, you just used too much logic for people here at SA.
>
> Start yelling more. And saying how Obama is a socialist and we are
> all going to die because of death panels. Comeon, get with the program!
"bbro, you just used too much logic for people here at SA."
bbro, you are right man,
Try harder next time bro.
Now THAT's not speculation, nor "economist fuzzy math". That is from the source of economic spending. A harsh logical reality that eludes the "experts".
Hey bbro, the "lagging indicator" has been lagging for close to 2 years now. Define "lagging" and then define "trending".
Optimism is a lagging indicator of reality.