Comments on: How bad is the recession, really? http://donklephant.com/2009/02/01/how-bad-is-the-recession-really/ Big Teeth. Huge Ass. Surprisingly Reasonable. Tue, 14 Feb 2012 14:03:13 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Harold http://donklephant.com/2009/02/01/how-bad-is-the-recession-really/comment-page-1/#comment-545480 Harold Tue, 01 Sep 2009 03:10:29 +0000 http://donklephant.com/?p=13132#comment-545480 i think that the Economic Recession would soon be over in the following years. there are lots of positive indicators in the world economy. i think that the Economic Recession would soon be over in the following years. there are lots of positive indicators in the world economy.

]]> By: bob in fla http://donklephant.com/2009/02/01/how-bad-is-the-recession-really/comment-page-1/#comment-435952 bob in fla Mon, 02 Feb 2009 06:38:39 +0000 http://donklephant.com/?p=13132#comment-435952 We appear to be about where we were in January 1931 if you take all the indicaters into account. With ~35% drop on Wall Street & a steady slow fall on very light trading, it don't look so great. Unemployment is about double the~7% we now have if you factor how it was figured in the 30s into account. Inflation, for the first time since the Great Depression, has been roughly neutral over the past 6 months. This is a world wide recession, I believe the first since just after the end of WW2. All the indicators are still on a downward track. And so far, this time, every time the so called experts have predicted what to expect in the coming months, they have been wrong, wrong, way too optimistically wrong. So, no, I am not optimistic. I believe it will get a lot worse, but probably not as bad as the 30s. We appear to be about where we were in January 1931 if you take all the indicaters into account. With ~35% drop on Wall Street & a steady slow fall on very light trading, it don’t look so great. Unemployment is about double the~7% we now have if you factor how it was figured in the 30s into account. Inflation, for the first time since the Great Depression, has been roughly neutral over the past 6 months. This is a world wide recession, I believe the first since just after the end of WW2. All the indicators are still on a downward track. And so far, this time, every time the so called experts have predicted what to expect in the coming months, they have been wrong, wrong, way too optimistically wrong.

So, no, I am not optimistic. I believe it will get a lot worse, but probably not as bad as the 30s.

]]> By: Jim S http://donklephant.com/2009/02/01/how-bad-is-the-recession-really/comment-page-1/#comment-435931 Jim S Mon, 02 Feb 2009 01:10:22 +0000 http://donklephant.com/?p=13132#comment-435931 The value of GDP in measuring anything except GDP is overstated. It means nothing when it comes to the important things like those people losing their jobs, homes and health insurance. The numbers are the numbers and only the numbers and they have grown steadily more useless in terms of predicting the welfare of the people of this nation. What did the numbers mean as they grew while people's real income stagnated? Nothing. There are many other factors that GDP tells us nothing about but that mean more when it comes to the day to day lives of Americans. The value of GDP in measuring anything except GDP is overstated. It means nothing when it comes to the important things like those people losing their jobs, homes and health insurance. The numbers are the numbers and only the numbers and they have grown steadily more useless in terms of predicting the welfare of the people of this nation. What did the numbers mean as they grew while people’s real income stagnated? Nothing. There are many other factors that GDP tells us nothing about but that mean more when it comes to the day to day lives of Americans.

]]> By: bubbles http://donklephant.com/2009/02/01/how-bad-is-the-recession-really/comment-page-1/#comment-435877 bubbles Sun, 01 Feb 2009 08:32:56 +0000 http://donklephant.com/?p=13132#comment-435877 The recession is not bad at all. In fact, it is awesome. The recession is not bad at all. In fact, it is awesome.

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