The recession is OVER!!!

[zulaya]

I really do think that this might have been a media thing trying to change perception.

Think about it....all we've heard for who knows how long, every live long day, is how bad the economy is, how bad the recession is. So much so that even people who know they are okay start feeling uneasy, start penny pinching, etc. DH and I are stable; it would take something pretty catastrophic for our financial lives to unwind. And while I'm always on the lookout for a deal, I admit that I feel some anxiety. But logically, I know I shouldn't be feeling it to the extent I am.

Maybe this interview was an attempt to change perception in an effort to encourage the people with money to spend, to spend it?

I don't have a crystal ball...I know I could be wrong...but isn't consumer spending something like 2/3 of the GDP? I'm so not an economist so I know I could be wrong.

And while I do empathize with everyone who has lost their job and the industries facing closure or severe retraction, the fact is that 90% or so of the workers in this country do have jobs. It may not be their ideal jobs, but they have income.

Yet what has the media continually harped on? The unemployment rate. Which while it is a larger number than normal, it completely ignores the much larger number of people who are employed.

Anyway, sorry to ramble. I just thought perhaps this was an attempt (poorly executed) to change public perception in some areas.

 

[Free4Life11]

I couldn't care less if "they" think the recession is over. Tell that to the 250 employees, including myself, who were told that our office is being shut down in 6 months.

"They" couldn't tell us when the recession started, at least not until well after the fact. "They" don't have a DAMN clue.

 

[manning]

I think the Recession is just getting moved over a bit to make room for Inflation.

Inflation big time!!!

 

[M5ward]

Even if there is a glimmer of light at the end of the economic tunnel, the recovery probably won't actually begin being felt for six to nine more months. That will be quickly followed by what could be massive inflation!

 

[kydisneyfans]

-My father was called back to work from a seasonal layoff a month early and is working 50+ hours a week over 6 days due to heavy construction orders.

-My sister in law is back to work after 6 months of layoff.

-My wife is gainfully employed and is interviewing for 3 jobs this week, all over 40K a year with full benefits at a major hospital in medical coding. She just turned down a position where the potential employer offered more money on the spot once they received the denial, then begged her to refer someone who might be interested in the position as they have no interested parties. She wants out of her current job as she is working mandatory OT and cannot find a suitable employee to fill an open position, the others have to pick up the slack.

-I work a delivery/sales type job, 5 of my last 6 stops today have help wanted signs on the doors, over the PA system, etc. This is for anywhere from part time register ringers to full time management.

-Our local paper's headline yesterday was that our county showed a 25% increase in home sales year to year. The median price had dropped some though.

All local Chrysler and GM retailers are staying open, nobody received a closure letter.

It never really got as bad as many areas around the Bluegrass, there is opportunity if you look hard enough.

 

[C.Ann]

At least that is what someone said on the National news the other day. I didnt hear it so I cant tell you where it came from. My relocation specialist called to tell me that the other day.


Yeah, so hows it goin in YOUR neck of the woods?

-----------------------

Wander over to the BB board.. At least once a day someone posts that they or their spouse has suddenly lost their job..

I think we're a long way from being "out of the woods"..

 

[cteddiesgirl]

I really do think that this might have been a media thing trying to change perception.

Think about it....all we've heard for who knows how long, every live long day, is how bad the economy is, how bad the recession is. So much so that even people who know they are okay start feeling uneasy, start penny pinching, etc. DH and I are stable; it would take something pretty catastrophic for our financial lives to unwind. And while I'm always on the lookout for a deal, I admit that I feel some anxiety. But logically, I know I shouldn't be feeling it to the extent I am.

Maybe this interview was an attempt to change perception in an effort to encourage the people with money to spend, to spend it?

I don't have a crystal ball...I know I could be wrong...but isn't consumer spending something like 2/3 of the GDP? I'm so not an economist so I know I could be wrong.

And while I do empathize with everyone who has lost their job and the industries facing closure or severe retraction, the fact is that 90% or so of the workers in this country do have jobs. It may not be their ideal jobs, but they have income.

Yet what has the media continually harped on? The unemployment rate. Which while it is a larger number than normal, it completely ignores the much larger number of people who are employed.

Anyway, sorry to ramble. I just thought perhaps this was an attempt (poorly executed) to change public perception in some areas.

Remember, unemployment does not include those that no longer qualify for unemployment or simply don't qualify for it.
As for those that may have jobs, just not their ideal jobs, please. How many of those had to take a major paycut and can no longer afford their homes. Can no longer afford their cars. Now have no health insurance or had to change to poor health insurance.

I work only sporadically. Only when there is actually work to be done. Not by choice, but because I can't find anything permanent. I have no insurance at all. No benefits at all. Within a month, I'll be out of work again. I have to wait for 1-2+ months until my job gets more work for me or I find another job.

Because of my situation, I'm considered still employed even when not working. So I don't get unemployment. How many others are in my same position?

The so called "retired" who can't afford to live off their pensions alone are not considered unemployed even when they are. My dad has to work to supplement his social security in order to live. But if he loses his job (which is very possible at this point), he won't be considered unemployed. How many other senior citizens are in his position?


The unemployment numbers are so skewed it isn't even funny. I look around and see how many houses are in forclosure and how many families are able to survive instead of relying on those so called unemployment numbers.

 

[LuvOrlando]

Even if there is a glimmer of light at the end of the economic tunnel, the recovery probably won't actually begin being felt for six to nine more months. That will be quickly followed by what could be massive inflation!

Even though non Economists on the news talk about inflation I don't think anyone needs to worry at all about inflation anytime soon. Inflation has to be fueled by money supply. With leery banks putting the kabosh on credit I sincerely doubt too much money to spend is going to be an issue. Limitless credit pushed up prices, but that's gone now, and so is the threat of inflation. Some indicators might tick up due to increases in prices of good & services brought on by gas prices going up, but a different mechanism is at work there.