5 Myths About the Economic 'Recovery'

Discussion in 'Economy' started by actsnoblemartin, Nov 8, 2009.

  1. actsnoblemartin
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    actsnoblemartin I love Andrea & April

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    5 Myths About the Economic 'Recovery' - Rick Newman (usnews.com)

    By Rick Newman

    Posted: October 2, 2009

    Surprise. That economic recovery we keep hearing about seems to be playing hide-and-seek.

    Federal Reserve Chairman Ben Bernanke and others have said that, technically speaking, the recession is over. The stock market has been charging forward, with a 58 percent gain between the lows of March and a September peak. But companies keep cutting jobs, with the unemployment rate creeping up to 9.8 percent in September. It would already have hit 10 percent if not for discouraged workers who lost their jobs months ago and have stopped looking for work. Meanwhile, a lot of things could still go wrong, even if we pretend otherwise. Here are some of the misconceptions about the economic recovery:
     
  2. Neubarth
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    Neubarth At the Ballpark July 30th

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    There is no visible Economic Recovery.

    All we have seen is the smoke and mirrors of the Obama administration.
     
    Last edited: Nov 8, 2009

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