I'm not sure why there's such a frantic need to identify the exact moment at which the economy goes into what they now refer to as a "Technical" Recession. Seems to me that when you've lost your job/house/retirement savings: that's a bad economic indicator. DOW, NASDAQ, FTSE, all those alphabetic indicators be damned! If, as the current candidates for high office say, "The American Workforce Is The Best And Most Productive" ever ever ever; then why can't they get any work? Does "Worker" include the people who work (used to work) at banks and finance companies? Is moving numbers between boxes on the Spreadsheet work?
A lot of these pronouncements sound like they're coming from people tiptoeing past the Cemetary. Or, perhaps they believe, like the Queen Of Hearts, that what I say shall be done is as good as done. Say the fundamentals of the economy are strong (a demonstrable lie!); thus it must be so. Then, when called on the lie, Redefine "Fundamental".
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