Comments on: The “Great Recession” Is Now Technically Over http://donklephant.com/2009/10/14/the-great-recession-is-now-technically-over/ Big Teeth. Huge Ass. Surprisingly Reasonable. Tue, 14 Feb 2012 03:59:13 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: kranky kritter http://donklephant.com/2009/10/14/the-great-recession-is-now-technically-over/comment-page-1/#comment-564104 kranky kritter Sun, 18 Oct 2009 16:50:01 +0000 http://donklephant.com/?p=17089#comment-564104 <blockquote>The problem is that all of the lagging indicators of true economic health (rising employment, wages, spending, etc.) probably won’t start turning around until sometime next year…and even then it’s going to take a while for things to get back to normal.</blockquote> Right. The only part I quarrel with is the last bit. If you're smart, you don't think about things "getting back to normal." Instead, you think about what the new normal is likely to be for you after this recession. Many folks are not going to get back to normal in the pre-recession sense. Instead, they face substantially lowered expectations. Over the near, intermediate, and even long terms.

The problem is that all of the lagging indicators of true economic health (rising employment, wages, spending, etc.) probably won’t start turning around until sometime next year…and even then it’s going to take a while for things to get back to normal.

Right. The only part I quarrel with is the last bit. If you’re smart, you don’t think about things “getting back to normal.” Instead, you think about what the new normal is likely to be for you after this recession. Many folks are not going to get back to normal in the pre-recession sense. Instead, they face substantially lowered expectations. Over the near, intermediate, and even long terms.

]]> By: Alistair http://donklephant.com/2009/10/14/the-great-recession-is-now-technically-over/comment-page-1/#comment-563614 Alistair Fri, 16 Oct 2009 01:15:32 +0000 http://donklephant.com/?p=17089#comment-563614 Justin: I think you just spoken way too soon according to this report. http://news.yahoo.com/s/ap/us_stimulus_jobs Justin:

I think you just spoken way too soon according to this report.

http://news.yahoo.com/s/ap/us_stimulus_jobs

]]> By: Jim S http://donklephant.com/2009/10/14/the-great-recession-is-now-technically-over/comment-page-1/#comment-563517 Jim S Thu, 15 Oct 2009 17:39:14 +0000 http://donklephant.com/?p=17089#comment-563517 What is an economy for? What kind of answer one gives to that question should form the basis for whether you think the current definitions of recession are really meaningful to our society. If you think, as I do, that the only real reason for an economic system is to deliver the greatest good for the greatest number then the current definition is garbage because it just doesn't relate to "Main Street" any more. By the accepted definition we could reach the end of the recession and yet <b>never</b> see any recovery in jobs or income for the majority of Americans. Classical economics has less value to modern economies than Newtonian physics to physicists even after the 20th century revolutions in the field brought to us by people such as Dirac and Einstein. What is an economy for? What kind of answer one gives to that question should form the basis for whether you think the current definitions of recession are really meaningful to our society. If you think, as I do, that the only real reason for an economic system is to deliver the greatest good for the greatest number then the current definition is garbage because it just doesn’t relate to “Main Street” any more. By the accepted definition we could reach the end of the recession and yet never see any recovery in jobs or income for the majority of Americans. Classical economics has less value to modern economies than Newtonian physics to physicists even after the 20th century revolutions in the field brought to us by people such as Dirac and Einstein.

]]> By: Jim S http://donklephant.com/2009/10/14/the-great-recession-is-now-technically-over/comment-page-1/#comment-563515 Jim S Thu, 15 Oct 2009 17:32:17 +0000 http://donklephant.com/?p=17089#comment-563515 I'm not getting any warnings from Avast. I’m not getting any warnings from Avast.

]]> By: gerryf http://donklephant.com/2009/10/14/the-great-recession-is-now-technically-over/comment-page-1/#comment-563437 gerryf Thu, 15 Oct 2009 00:54:08 +0000 http://donklephant.com/?p=17089#comment-563437 It's good news that Chris is getting warnings from AVG or good news that Donklephont has ads? It’s good news that Chris is getting warnings from AVG or good news that Donklephont has ads?

]]> By: Mike Casey http://donklephant.com/2009/10/14/the-great-recession-is-now-technically-over/comment-page-1/#comment-563353 Mike Casey Wed, 14 Oct 2009 22:53:12 +0000 http://donklephant.com/?p=17089#comment-563353 This is good news. But it won't feel like its over for quite some time. This is good news. But it won’t feel like its over for quite some time.

]]> By: Chris http://donklephant.com/2009/10/14/the-great-recession-is-now-technically-over/comment-page-1/#comment-563335 Chris Wed, 14 Oct 2009 22:03:19 +0000 http://donklephant.com/?p=17089#comment-563335 Justin, whenever I click on the bookmark for the site, i'm getting warnings from avg antivirus. I'm guessing that some of the ads on your site maybe blacklisted, just wanted you to know. It may keep people from coming here. You can delete this comment once you get it ;) Justin, whenever I click on the bookmark for the site, i’m getting warnings from avg antivirus. I’m guessing that some of the ads on your site maybe blacklisted, just wanted you to know. It may keep people from coming here. You can delete this comment once you get it ;)

]]> By: gerryf http://donklephant.com/2009/10/14/the-great-recession-is-now-technically-over/comment-page-1/#comment-563208 gerryf Wed, 14 Oct 2009 18:49:12 +0000 http://donklephant.com/?p=17089#comment-563208 Over? I feel much better now..... Over? I feel much better now…..

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