[Clive]

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[ThunderSleeps]

Seems to me that the shills in power claiming the recession is over - in any sense - is mere wishful thinking. Companies continue to bleed red ink, lay off workers, or simply close their doors. People are losing jobs. Property values continue to fall. The stock market is limping along. Doesn't sound like much of a recovery to me.

I'm a software engineer. To me this sounds like someone claiming their project is ready to ship. Sure, it barely builds, the compiler issues hundreds of warnings; it won't install on anything but Dave's machine; it crashes on all but three of the test cases; all the help text is still only available in Korean; but hey, we're ready to ship!

[Vince Ferrer]

The economy is like the Titanic. At some point, experts assured us that they both stopped sinking. But in the case of the ship, experts aren’t proclaiming that it will pop back up again any minute now. So maybe the economy insn’t like the Titanic.

[mamelukesabre]

These people say all kinds of stupid crap. The official definition requires two sequential quarters of positive growth before a recession is declared OVER. that hasn’t happened yet. We haven’t even had one quarter of positive growth yet.

But then, the official definition requires two sequential quarters of negative growth BEFORE we are in a recession. The idiots were saying we were in a recession before that happened.

I think they are all jumping the gun trying to be first to make the declaration. And in doing so they are not even meeting the official definitions.

[calex59]

Could the frickin’ communist be any more two faced. “Technically the recession is over, but in reality you will continue to lose jobs and starve a**!”. What a bunch of weasels.