The Strangest Recession in Economic History

Hmmm... this is quite the "dramatic slowdown" isn't it? Maybe because people took advice from guys like this our economy is in such deep ___. The swagger, the confidence, the mockery of those voices in 2007-early 2008 that something was wrong with our economy played a big role in people not re-evaluating where they had their investments. Just so you know: You bear some level of responsibility for those who saw their investments and savings vanish in the blink of an eye. Stop, sit back, and reflect that all that suffering was in part caused by people like yourself making claims that things were more or less okay. Congrats.

Ex-College Student of WA 3:56PM March 05, 2009

I am trying to find the dates ( approx) of recessions since the big one in 1929-

Any help gratefully appreciated

Bill Griffith

Sydney Australia

Yes, the powers to be in Canberra tells us that we are in one now. I estimate that we have a recession about every 5 -7 years but I don't where to start and finish

Bill Griffith 10:30PM January 14, 2009

Hi James

You might give some thought as to whether or not the GDP numbers are truely reflective of whats going on. We have a lot of spending going on and we seem to think that any kind of spending is Ok. When you look at GDP it does not differentiate whether the spending is from savings, investment or from taking on additional debt to spend as the consumer has done with their houses.

There is talk from John Mauldin that if the the consumers haden't made their HELOC withdrawal that the GDP would have been negative for the last three years.

Louis Hill of MN 8:27PM January 03, 2009

who really cares.

of 9:39AM December 24, 2008