The Experts Agree: The Recession is Over.

[Truthmatters]

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.

Same fucking experts who didn't see it coming?? Geithner?? Barnake?? Bawney! keep drinking yer kool aid .

You didnt see it coming either so you get to join the list you created

 

[Oddball]

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

Perhaps, perhaps.

But Reagan's tax breaks plan didn't start reversing the economic nosedive for 2 1/2 years after Carter left office.

If all these economists are correct (and I don't know, as I am not an economist, it's just a hobby for me), then the recession will have bottomed out and started slowly recovering only 1 year after Obama took office.

Which would indicate that the stimulus sure didn't hurt.

So, you're just taking someone else's word on it, huh?

See: Appeal to authority.

 

[Truthmatters]

Explain to us how spending of any kind is bad for any economy?

Best Troll post of the month!

Yep! I bet she maxes out one credit card and then starts another thinking she's doing her share! Yep! She needs to go to China and let them tongue thrash her the way they just did to the messiah!

I note none of you could answer that question.

 

[WillowTree]

So many people on this board rooting for the recession NOT to be over

yepp,, you are an idiot, just cause we don't believe the idiots makes us rooter,, rootin tootin i wonder if yer messiah uses that kind of logic in his decision making?

 

[WillowTree]

Best Troll post of the month!

Yep! I bet she maxes out one credit card and then starts another thinking she's doing her share! Yep! She needs to go to China and let them tongue thrash her the way they just did to the messiah!

I note none of you could answer that question.

I didn't have a question, you stated that spending is good,, so spend,, me? I'm gonna save for a rainy day.. but that's just me. i donna want no Chinese lectures!

 

[Vast LWC]

lets get some words from a real expert...

peter schiff got the collapse to the exact month and with precise details back in 2006
he now says everything done to "fix" the collapse is only prolonging it and killing the dollar in the process

meanwhile the gov "experts" said the ecnomoy & housing market were fine right up until the collapse.
now they say its over.

who to trust?

OK, I'll sum up my response to the "They're just a bunch of partisan hacks" response with this:

Look at the list of people who belong to this organization, and then get back to me.

Just follow the link.

These are not "Government Experts", nor are they some partisan think-tank.

You all should really look at the source material before screaming about partisan bias.

 

[Toronado3800]

We can debate in a couple years if the deficit spending was worth it. Alot will depend on the rate of our economic recovery vs the guesses on how the recovery would have proceeded if we did nothing.

Deficit spending:

:like taking out loans to go to college so you can get a better job when you're done, pay off the loans, then live comfortably.

:I did a cash and carry route. My jobs during college didn't pay much. I had to sign up for fewer courses a semester. I have no interest to pay on my education deficit. I was older when I got out of school so some of my friends were "ahead" of me in the job market.

 

[Truthmatters]

KK and friends would like to submitt their theory that spending is bad for an economy.

 

[Oddball]

Best Troll post of the month!

Yep! I bet she maxes out one credit card and then starts another thinking she's doing her share! Yep! She needs to go to China and let them tongue thrash her the way they just did to the messiah!

I note none of you could answer that question.

Willow did answer the question, you're just too dense to see it.

 

[WillowTree]

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.

Same fucking experts who didn't see it coming?? Geithner?? Barnake?? Bawney! keep drinking yer kool aid .

You didnt see it coming either so you get to join the list you created

yep,, I did. Glen Beck clued me in.. A year or so before it happened..

 

[Truthmatters]

So you are joining the spending is bad for the economy club too huh?

 

[blu]

The Paulbot chicken littles have screaming "danger ahead" for decades. When you scream it for that long, it's pretty easy to claim you were right when danger finally comes.

lets make a deal. watch this video: [ame]http://www.youtube.com/watch?v=IU6PamCQ6zw[/ame]

if schiff doesn't predict the collapse to the month and for the EXACT reasons that caused it I will never post here again. if he does then you never post again. deal? its hard to call someone chicken little when they give you a fucking checklist of specific things wrong.

 

[Vast LWC]

For those of you who have trouble navigating websites, here is a list of NABE's prominent members:

NABE Hall of Fame: Fellows

 

[Truthmatters]

Same fucking experts who didn't see it coming?? Geithner?? Barnake?? Bawney! keep drinking yer kool aid .

You didnt see it coming either so you get to join the list you created

yep,, I did. Glen Beck clued me in.. A year or so before it happened..

Go get his dated material saying so

 

[California Girl]

The Experts Agree: The Recession is Over.

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

The stimulus was a good idea. The problem was they didn't use the money to stimulate jack shit. They used it to further a pollitical agenda..... two completely different things. One would have saved the country far quicker and with a lot of debt. The other has done fuck all and landed us with debt that our children's children's children will decry this generation for.

Fucking politicians.

 

[nodoginnafight]

We can debate in a couple years if the deficit spending was worth it. Alot will depend on the rate of our economic recovery vs the guesses on how the recovery would have proceeded if we did nothing.

Deficit spending:

:like taking out loans to go to college so you can get a better job when you're done, pay off the loans, then live comfortably.

:I did a cash and carry route. My jobs during college didn't pay much. I had to sign up for fewer courses a semester. I have no interest to pay on my education deficit. I was older when I got out of school so some of my friends were "ahead" of me in the job market.

I'll agree with that - and before you can calculate how much of the spending is "deficit spending" we have to wait to see how much of the stimulus money that came in the form of loans is paid back.

 

[blu]

Same fucking experts who didn't see it coming?? Geithner?? Barnake?? Bawney! keep drinking yer kool aid .

You didnt see it coming either so you get to join the list you created

yep,, I did. Glen Beck clued me in.. A year or so before it happened..

peter schiff cued us all in 2006 but the Rs woulnd't listen to him because it made their hero (GW) look bad

 

[rightwinger]

So many people on this board rooting for the recession NOT to be over

yepp,, you are an idiot, just cause we don't believe the idiots makes us rooter,, rootin tootin i wonder if yer messiah uses that kind of logic in his decision making?

Index of leading economic indicators is UP for the seventh straight month. The index is just numbers that do not root for one political side or the other.

US Leading Economic Indicator Real Time Monthly GDP Company Business Global Forecasting

Housing sales UP 37% this year

Home sales jump in October, beating expectations - USATODAY.com

But to those rooting for an economic failure...I guess it is bad news

 

[Oddball]

We can debate in a couple years if the deficit spending was worth it. Alot will depend on the rate of our economic recovery vs the guesses on how the recovery would have proceeded if we did nothing.

Deficit spending:

:like taking out loans to go to college so you can get a better job when you're done, pay off the loans, then live comfortably.

:I did a cash and carry route. My jobs during college didn't pay much. I had to sign up for fewer courses a semester. I have no interest to pay on my education deficit. I was older when I got out of school so some of my friends were "ahead" of me in the job market.

That would make sense if you weren't just printing up money out of thin air, which is what's responsible for all the spending.

Those getting their hands on this money first are dumping it into gold and silver, because the increase of value in commodities is outpacing the artificially low interest rates.

 

[Yurt]

if it is true the recession is over....then obama should get zero credit....