Daddy, When Will the Recession Be Over?

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SamLinder's picture
SamLinder
Status: Diamond Member (Offline)
Joined: Jul 10 2008
Posts: 1499
Daddy, When Will the Recession Be Over?

No wonder nobody knows what to do! Surprised

http://www.nytimes.com/2009/03/07/opinion/l07econ.html?pagewanted=2

To the Editor:

Now that you’ve asked 11 economists to answer
the question “When Will the Recession Be Over?” (Op-Ed, March 1), and
now that I’ve read their answers, only one thing is clear. In 11
different ways, they don’t know. So, that’s how exact the so-called
science of economics is.

In any case, why would they know the
answer when (maybe) only one of them even had the wherewithal to see
the meltdown coming? Really, it’s akin to asking astrologers to predict
the future.

Christopher Cook
Prague, March 1, 2009

SamLinder's picture
SamLinder
Status: Diamond Member (Offline)
Joined: Jul 10 2008
Posts: 1499
Re: Daddy, When Will the Recession Be Over?

When economy bottoms out, how will we know?

http://www.comcast.net/articles/finance/20090307/Economy.Where_s.the.Bot...

Dogs_In_A_Pile's picture
Dogs_In_A_Pile
Status: Martenson Brigade Member (Offline)
Joined: Jan 4 2009
Posts: 2606
Re: Daddy, When Will the Recession Be Over?

Yes Virginia, the Recession is over - we are in a Depression now.

 

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