We are now in a recession

Discussion in 'Economy' started by Toro, Aug 1, 2012.

  1. Toro
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    Toro Diamond Member

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    Or at least that's what one index I follow is telling me. It says that the economy slipped into mild contraction within the last few weeks.

    I can't post it because it's proprietary but it has been remarkably prescient, and accurately forecasted both the recession and recovery before it became clear either event had occurred.
     
  2. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Lost your job?
     
  3. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    If we're not in a recession we must be too damn close, and no reason to think it's gonna get better. But we do have reasons to think it could worsen.
     
  4. Toro
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    Toro Diamond Member

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    Promoted recently, actually.

    But I'm spending some time with my parents on the west coast, working from here, watching the Olympics and wasting time on USMB.
     
  5. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    Krugman calls it a depression, which us libertarians have to thank him for if only because it makes Barry look worse than ever.

    Barry is well on his way to beating FDR's record of extending a recession for 10 years, needlessly. But, if he succeeds he'll be a great liberal hero just like FDR.
     
  6. TakeAStepBack
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    TakeAStepBack Gold Member

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    We never came out of the last one. :lmao:
     
  7. TakeAStepBack
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    TakeAStepBack Gold Member

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    By the last one I mean the one that started in 1971.
     

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