The Experts Agree: The Recession is Over.

Discussion in 'Politics' started by Vast LWC, Nov 23, 2009.

  1. Vast LWC
    Offline

    Vast LWC <-Mohammed

    Joined:
    Aug 4, 2009
    Messages:
    10,390
    Thanks Received:
    871
    Trophy Points:
    48
    Location:
    New York
    Ratings:
    +871
    National Association for Business Economics:

    Recovery Soon to Lose "Jobless" Label
    November 2009

    Reaffirming last month&#8217;s call that the Great Recession is over, NABE panelists have marked up their predictions for economic growth in 2010 and expect performance to exceed its long-term trend. &#8220;While the recovery has been jobless so far, that should soon change. Within the next few months, companies should be adding instead of cutting jobs,&#8221; said NABE President Lynn Reaser, chief economist at Point Loma Nazarene University. Panelists predict a relatively sluggish consumer upturn but look for a sizable housing rebound, low inflation, and further rise in stock prices. Importantly, panelists are mostly (though not entirely) optimistic that the Federal Reserve&#8217;s policies will not lead to higher inflation. At the same time, NABE panelists are &#8220;extremely&#8221; concerned about high federal deficits over the next five years.


    National Association for Business Economics (NABE)

    :clap2:Thank you for digging us out of Bush's deep hole Mr Obama. :clap2:
     
  2. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    We could dip into a new one.

    I hope to hell they are right though.
     
  3. xsited1
    Offline

    xsited1 Agent P

    Joined:
    Sep 15, 2008
    Messages:
    17,750
    Thanks Received:
    5,299
    Trophy Points:
    198
    Location:
    Little Rock, AR
    Ratings:
    +5,306
    The "Experts" also agreed that the stimulus was a good idea. :cuckoo:
     
  4. nodoginnafight
    Offline

    nodoginnafight No Party Affiliation

    Joined:
    Dec 15, 2008
    Messages:
    11,755
    Thanks Received:
    1,069
    Trophy Points:
    175
    Location:
    Georgia
    Ratings:
    +1,497
    I'll agree that I think things are much better than they were a year ago, but I still think we have a long tough road ahead. Whether the conditions fit the economic criteria to be called a recession or not - we have plenty of economic issues to address.
     
  5. Vast LWC
    Offline

    Vast LWC <-Mohammed

    Joined:
    Aug 4, 2009
    Messages:
    10,390
    Thanks Received:
    871
    Trophy Points:
    48
    Location:
    New York
    Ratings:
    +871
    If the recession is over,

    then the stimulus WAS a good idea...
     
  6. Vast LWC
    Offline

    Vast LWC <-Mohammed

    Joined:
    Aug 4, 2009
    Messages:
    10,390
    Thanks Received:
    871
    Trophy Points:
    48
    Location:
    New York
    Ratings:
    +871
    I agree, things will not necessarilry suddenly be all hunky-dory...

    Nonetheless, this is good news.
     
  7. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    Post hoc ergo propter hoc (after this, therefore because of this). This is the fallacy of assuming that A caused B simply because A happened prior to B. A favorite example: "Most rapists read pornography when they were teenagers; obviously, pornography causes violence toward women." The conclusion is invalid, because there can be a correlation between two phenomena without one causing the other. Often, this is because both phenomena may be linked to the same cause. In the example given, it is possible that some psychological factor -- say, a frustrated sex drive -- might cause both a tendency toward sexual violence and a desire for pornographic material, in which case the pornography would not be the true cause of the violence.

    Logical Fallacies
     
    • Thank You! Thank You! x 2
  8. xsited1
    Offline

    xsited1 Agent P

    Joined:
    Sep 15, 2008
    Messages:
    17,750
    Thanks Received:
    5,299
    Trophy Points:
    198
    Location:
    Little Rock, AR
    Ratings:
    +5,306
    :cuckoo:

    If anything, the stimulus delayed the recovery. The same thing happened during FDRs reign.
     
  9. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    No one with any brains is going to claim that spending of any kind by anyone will help a downturn.

    Every honest person realizes that a money infusion would make this less deep than pulling a Hoover of too little too late.

    You see folks government money is still money and still has an impact.

    The ression is ened and it ended in the summer. These things have definitions folks and you cant create new definitions for political purposes and retain any level of respect.


    Jobs always have been and always will be a lagging indicator.
     
  10. KittenKoder
    Offline

    KittenKoder Senior Member

    Joined:
    Sep 21, 2008
    Messages:
    23,281
    Thanks Received:
    1,711
    Trophy Points:
    48
    Location:
    Nowhere
    Ratings:
    +1,714
    Want to know how often "experts" have been right about yes/no problems?



    50%
     

Share This Page