"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Monday, December 01, 2008

GOOD NEWS AND BAD: THE RECESSION IS ALREADY A YEAR OLD...

THE BAD NEWS: THE RECESSION IS A YEAR OLD! CNN:
The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .

The NBER is a private group of leading economists charged with dating the start and end of economic downturns. It typically takes a long time after the start of a recession to declare its start because of the need to look at final readings of various economic measures.

The NBER said that the deterioration in the labor market throughout 2008 was one key reason why it decided to state that the recession began last year.

THE GOOD NEWS: THE RECESSION IS ALREADY A LEAR OLD.

THAT MEANS WE'RE CLOSER TO THE END THAN ANYIONE THINKS!

I'M NOT KIDDING! HERE'S WHY:

  • ENERGY IS CHEAP.
  • MONEY IS CHEAP AND PLENTIFUL.
  • GOVERMENTS WORLDWIDE ARE STIMULATING THEIR ECONOMIES.
  • LABOR IS CHEAP.
  • COMMODITIES ARE CHEAP.
  • HOUSING IS CHEAP.
  • IT'S A BUYERS MARKET.

THAT'S ALL THE INGREADIENTS OF A MAJOR UPTURN.

STARTING IN... APRIL OR MAY.

OF COURSE, EMPLOYOMENT/UNEMPLOYMENT ARE LAGGING INDICATORS. THAT WON'T REBOUND UNTIL SEPTEMBER.

BUT WE HAVE TO DO OUR PART: IT'S A BUYER'S MARKET SO WE GOTTA GO OUT THERE AND BUY BUY BUY!

IT'D BE SILLY TO SIT OUT THE BEST BUYER'S MARKET IN DECADES!

3 comments:

10ksnooker said...

The economy needs a massive investment tax cut and tax cuts for taking on those left over houses. Won't get neither, it's FDR II time don't you know. All bloggers will report to pothole duty, twice a week.

Jason said...

According to Keynes, the root cause of an economic downturns is an insufficient aggregate demand. When the total demand for goods and services declines, businesses throughout the economy see their sales fall off. Lower sales induce firms to cut back production and to lay off workers. Rising unemployment and declining profits further depress demand, leading to a feedback loop with a very unhappy ending.

90% of the time you can make statistics show whatever you want 50% of time

http://nomedals.blogspot.com

Anonymous said...

The recession isn't always a bad thing! Most people don't realize how much money there is out there. During economic times like this, there is more money to be had than ever. Because of the bailouts and economy, lenders are bending over backwards to bail you out too. Believe it or not, there is people getting tons of cheap money nowdays to start businesses, buy homes, pay off debt, and more. Profit from Recession