Saturday, May 16, 2009
The Great Recession is over or ending, at least that's what is being said by politicians and prognosticators of all stripes. In the U.S., Obamas' gang has seen "green shoots" the first signs of new growth. The stock market has been in rally mode since the second week of March. Is it really over? Look at it this way, did the business prognosticators and politicians see this worst economic setback in 80 years coming? Not really, most claimed that we were in for a slow down, maybe a mild recession and then back to normal. But normal looks a long way off. The news is only getting less bad (unless you just lost your job). So based on the accuracy of past predictions those green shoots could be weeds and this thing could take years.