The Experts Agree: The Recession is Over.

[Vast LWC]

National Association for Business Economics:

Recovery Soon to Lose "Jobless" Label
November 2009

Reaffirming last month’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. “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,” 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’s policies will not lead to higher inflation. At the same time, NABE panelists are “extremely” concerned about high federal deficits over the next five years.


National Association for Business Economics (NABE)

Thank you for digging us out of Bush's deep hole Mr Obama.

 

[Truthmatters]

We could dip into a new one.

I hope to hell they are right though.

 

[xsited1]

The Experts Agree: The Recession is Over.

The "Experts" also agreed that the stimulus was a good idea.

 

[nodoginnafight]

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.

 

[Vast LWC]

The Experts Agree: The Recession is Over.

The "Experts" also agreed that the stimulus was a good idea.

If the recession is over,

then the stimulus WAS a good idea...

 

[Vast LWC]

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.

I agree, things will not necessarilry suddenly be all hunky-dory...

Nonetheless, this is good news.

 

[Oddball]

The Experts Agree: The Recession is Over.

The "Experts" also agreed that the stimulus was a good idea.

If the recession is over,

then the stimulus WAS a good idea...

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

 

[xsited1]

The Experts Agree: The Recession is Over.

The "Experts" also agreed that the stimulus was a good idea.

If the recession is over,

then the stimulus WAS a good idea...

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

 

[Truthmatters]

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.

 

[KittenKoder]

Want to know how often "experts" have been right about yes/no problems?



50%

 

[LibocalypseNow]

Boy,people can be duped so easily at this point huh? Who cares what this group thinks? How many in this group have close ties to this current Administration? I'm sure in a year from now,many "groups" and especially the Obama-Run MSM are going to be declaring the Recession is over and everything is just great. Gee what a coincidence,just in time for the Elections huh? Personally i don't believe any economic numbers coming from this White House at this point. If they're saying Unemployment is 10.2% than just go ahead and assume it's more like 20%. If they're saying the Recession is over and everything is just great than just go ahead and assume the Recession is definitely not over and everything is far from being great. Their numbers just don't add up. You can pay any "Group" to say what you want them to say. If you dig deeper i'm sure you will find many in this group with close ties to this Administration. In fact many of them propbably work for corporations that were bailed out by this White House. The old Quid Pro Quo routine. Nothing more nothing less. So don't believe the hype.

 

[Oddball]

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.

 

[Truthmatters]

Why dont you just say you only believe what you want to believe?

 

[Melanie S]

If this is true, why did Obama just say last week that he could foresee a double dip recession?

OR....

Was he just lying.... AGAIN?

 

[Oddball]

Why dont you just say you only believe what you want to believe?

The thing about irony is that it's so....well...IRONIC!

 

[Truthmatters]

Go look up the word recession and realize you dont get to change the definition of words for political reasons

 

[Truthmatters]

Why dont you just say you only believe what you want to believe?

The thing about irony is that it's so....well...IRONIC!

You accept no facts?

 

[uscitizen]

National Association for Business Economics:

Recovery Soon to Lose "Jobless" Label
November 2009

Reaffirming last month’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. “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,” 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’s policies will not lead to higher inflation. At the same time, NABE panelists are “extremely” concerned about high federal deficits over the next five years.


National Association for Business Economics (NABE)

Thank you for digging us out of Bush's deep hole Mr Obama.

These are the same experts that did not see it coming? And once it hit said it would jut be a bit of an adjustment and would be very short?

Sorry but my father taught me not to keep believing fools and liars.

 

[blu]

The Experts Agree: The Recession is Over.

The "Experts" also agreed that the stimulus was a good idea.

If the recession is over,

then the stimulus WAS a good idea...

wow I would love to see the visual representation of this logic

 

[Polk]

Boy,people can be duped so easily at this point huh? Who cares what this group thinks?

I agree. Damn those economists with their formal training. It's the keyboard cranks like you that really have it figured out.