The recession is over!

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If you ask folks in the know, unemployment is a trailing indicator and the recession wasn't actually officially accepted till late last year when in fact it started December 2007.

Numbers like these give CEOs cover or the excuse, if you will, to start hiring again. Tough to justify hiring when the numbers look bleak. But what do I know I'm just a happy monsterfishkeeper taking my trading gains to the bank.
 
CichlidPharmer;3576776; said:
If you ask folks in the know, unemployment is a trailing indicator and the recession wasn't actually officially accepted till late last year when in fact it started December 2007.

Numbers like these give CEOs cover or the excuse, if you will, to start hiring again. Tough to justify hiring when the numbers look bleak. But what do I know I'm just a happy monsterfishkeeper taking my trading gains to the bank.
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No one likes a bragger.
 
cassharper;3576747; said:
How about "false-growth?"

Humph
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I accept your word. Congratulations.
 
dave'stank;3576679; said:
yeah - come down to Florida and tell me the recession is over...
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I live in Florida, most of the year. If you ask me, the recession, or the Housing meltdown is the best thing going for Florida right now unless of course you're unemployed.

At least Housing is again affordable for the folks that have Jobs or thinking of relocating to Florida for job offers. 6 bedroom Houses that use to sell for over 600k can now be had for under 300k.

It sucks that my house is now worth less than half of what it was two years ago. But I'm not selling. My property taxes are dropping, so that's good. Buying another one is beginning to look more and more appealing.:)
 
i will agree that things are starting to get better. I also live in florida, but work in Texas. I am laid off right now, but will be going back to work soon. My wife works fora builder in Naples and They are 200% ahead of their goal for this year.
 
swede;3576879; said:
awesome! so when does my checking account see the growth?
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If it's an interest bearing acoount, you might see the interests start to go up again.....

Or if you're still employed, paid hours and overtime are picking up. That's probably what will improve first before the unemployment #s goes down.
 
The only thing that's happened is that banks have sucked a trillion dollars out of the US gov't and will borrow money to businesses once again once they've made all their million dollar + bonus payments to the high-risk traders who brought this collapse on in the first place. Business as usual except your grand kids just got saddled with more debt so the rich can simply become richer right now. Nothing will change as a result of this recent fiasco and history will repeat itself, except the next round will not be so far off in the future.
 
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