View Poll Results: Is the economy really showing signs of recovery?

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  • Yes, things are getting better everywhere

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  • Yes, my situation is definitely getting better

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  • No, things are getting worse everywhere

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  • No, my situation is definitely getting worse

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Thread: Is the economy really showing signs of recovery?

  1. #1
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    Is the economy really showing signs of recovery?

    Is the economy really showing signs of recovery? - By Daniel Gross - Slate Magazine

    Economic theory tells us we should be able to detect some green shoots, if only because so much fertilizer has been spread around in the form of cheap capital. But for now, every piece of good newsóevery green shootóbears caveats. While Goldman Sachs had a great quarter, that was only because it shifted its reporting calendar to exclude December 2008, in which it rang up a loss, from the results. JPMorgan's Jamie Dimon said things were going so well it might be able to repay the funds it borrowed from the government sooner rather than later, but he also warned that credit card debt is going bad.
    So is the economy getting better, getting worse, or just holding steady?

  2. #2
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    Re: Is the economy really showing signs of recovery?

    Why is there no "just holding steady" option?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Is the economy really showing signs of recovery?

    Quote Originally Posted by obvious Child View Post
    Why is there no "just holding steady" option?
    Because it's Saturday and I goofed the poll.

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    Re: Is the economy really showing signs of recovery?

    We're experiencing a temporary upswing in the economy, which is exactly what the administration's policies were designed to do. What they didn't take into account were mid- to long-term consequences of the policies they were implementing, so in a few months time we're going to start experiencing the negative side effects of those policies, which will be profound.

    So I'd say temporarily they're getting better, but in the bigger picture they will be getting much worse. All this talk of a "rebound" is absolutely ridiculous.

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    Re: Is the economy really showing signs of recovery?

    Quote Originally Posted by celticlord View Post
    Is the economy really showing signs of recovery? - By Daniel Gross - Slate Magazine



    So is the economy getting better, getting worse, or just holding steady?
    The inflation from the massive wet-ink cash infusion hasn't hit yet.

    Can't be getting better if that hasn't happened yet, now can it?

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    Educator Grateful Heart's Avatar
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    Re: Is the economy really showing signs of recovery?

    I'm reminded of that old saying 'there's light at the end of the tunnel.' No matter how bad the economy might be there will always be signs of recovery if you look carefully, simply because we know that recovery is never far off:

    According to economists, since 1854, the U.S. has encountered 32 cycles of expansions and contractions, with an average of 17 months of contraction and 38 months of expansion.[7] However, since 1980 there have been only eight periods of negative economic growth over one fiscal quarter or more[28], and four periods considered recessions:

    * January1980-November 1982: 2 years total
    * July 1990-March 1991: 8 months
    * March 2001-November 2001: 8 months
    * December 2007-current: 16 months as of April 2009
    The typical recession lasts about 17 months. Which means we should expect to be seeing glimmers of light at the end of the tunnel.

    What's more interesting to me is how this recession will be described when the economic recovery finally arrives. Will we look back and consider it the 'worst economic crisis' since the great depression, as so many have dubbed it? Or will that description come to be seen as a bit of exaggeration, if not outright deception, that was very artfully employed during a presidential campaign?


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    Re: Is the economy really showing signs of recovery?

    Quote Originally Posted by Grateful Heart View Post
    I'm reminded of that old saying 'there's light at the end of the tunnel.' No matter how bad the economy might be there will always be signs of recovery if you look carefully, simply because we know that recovery is never far off:



    The typical recession lasts about 17 months. Which means we should expect to be seeing glimmers of light at the end of the tunnel.

    What's more interesting to me is how this recession will be described when the economic recovery finally arrives. Will we look back and consider it the 'worst economic crisis' since the great depression, as so many have dubbed it? Or will that description come to be seen as a bit of exaggeration, if not outright deception, that was very artfully employed during a presidential campaign?

    The light at the end of the tunnel in this economy means the train's coming and it's time to bend over again.

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    Re: Is the economy really showing signs of recovery?

    Quote Originally Posted by Grateful Heart View Post
    I'm reminded of that old saying 'there's light at the end of the tunnel.' No matter how bad the economy might be there will always be signs of recovery if you look carefully, simply because we know that recovery is never far off:
    Yeah but this time, I think the proverbial light at the end of the tunnel is really a train...

    Even if in the short-term, things appear to be balancing out, the long-term effects are going to be atrocious.
    "If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action."

    --Ludwig von Mises

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    Educator Grateful Heart's Avatar
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    Re: Is the economy really showing signs of recovery?

    Quote Originally Posted by BigRed View Post
    Yeah but this time, I think the proverbial light at the end of the tunnel is really a train...

    Even if in the short-term, things appear to be balancing out, the long-term effects are going to be atrocious.
    Perhaps. But that's a different issue altogether from recovery. I have no doubt the ramifications of Obama's policies will be massive and long-lasting. But those ramifications will be long-term, as you suggest.

    Any 'light' we might be seeing now would no doubt be seen no matter who's sitting in the Oval Office at the moment.

    ..

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    Re: Is the economy really showing signs of recovery?

    Quote Originally Posted by Grateful Heart View Post
    Perhaps. But that's a different issue altogether from recovery. I have no doubt the ramifications of Obama's policies will be massive and long-lasting. But those ramifications will be long-term, as you suggest.

    Any 'light' we might be seeing now would no doubt be seen no matter who's sitting in the Oval Office at the moment.

    ..
    Oh yeah. I don't want to single Obama out. The economy was 'helped' into this position by a multitude of people (and both parties). He just happens to be the one in office though talking about fixing the economy.
    "If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action."

    --Ludwig von Mises

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