Quote:
Originally Posted by disneysteve
I happen to think the recession is over, or at least the worst of it. The stock market has surged this year. The unemployment rate seems to be leveling off. I'm not hearing so much about the housing market anymore.
I think 6 months from now, we're going to be looking back and seeing that somewhere around now was the beginnings of the recovery.
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I agree the worst of it is over, although I think much of this has to do with the artificial support and subsidy that the governments are placing, and at a great price. Eventually, that life support has to be removed and the patient has to be able to function on its own. Then there's the issue of the cost of hospitalization that we will have to pay somehow.
I also read that Bernanke is still gearing up to buy even more MBS, along with the bonds and treasuries-- in the hundreds of billions of dollars-- to further stabilize the economy. Clearly, if they are planning to do that, it means the current economic condition is still fragile and tentative.
Still, it's true we may recover yet, and hopefully quickly, though I think that remains to be seen. Regardless of the outcome, I think Bernanke, Paulson, and Geithner have put up a valiant effort, and we owe them our thanks. Indeed, I would even go as far as to say that perhaps Bernanke is the right man in the right place at the right time.
Quote:
Originally Posted by cptacek
My personal recession is over! Got my first paycheck today!
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When it's all said and done, that's what really matters!
