Posted by kyhayman on March 16, 2009 at 07:52:54 from (75.104.128.36):
In Reply to: O/T Recession posted by Ben Grimes on March 16, 2009 at 07:13:35:
My gut feeling is we are just past the mid point. Even a technical end of the recession wont me its all wine and roses. It simply means that the stock markets are up and GDP is increasing. I'd tend to agree with Bernake, my gut tells me we will look back in a couple of years and see that the recession ended sometime in the 3rd or 4th quarters.
BUT... a recession meeting a technical end doesnt mean things are suddenly better. Unemployment will continue to rise for a quarter or two after the recovery starts. Business and economic cycles follow parabolic or hyperbolic curves. Its a long slide down and a long hill up.
This is worth what you paid for it. I've called the bottom since September, lol. At each technical break I've tried to put money in the market. But, I've kept at it. The dollar is still the worlds reserve currency. In a sense the US is to the world like AIG is to the US. Too big to fail. While countries might decide to dump dollars at some point the fact doesnt change that too many of the worlds biggest economies hold a lot of dollars.
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Today's Featured Article - Bad Vibes - by Curtis Von Fange. One of the strangest ways to communicate with our tractor is to ask it how it feels. "Ask it how it feels," you say? Yup, ask it how it feels. Now, as with the other articles in this series one has to be able to hear what 'ole blue' is trying to say in response. The nice thing about our old iron friends is that they are usually quite consistent in their response, rather unlike some people I know who might change what they say due to the weather or other mitigating circumstances. But since t
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