Dude, Where’s My Recession?: The Series

Just for a laugh, I occasionally take a look at this blog just to assure myself that there are people dumber than I am.

It is striking that you continue to spout the notion that because the country isn't officially in "recession," that somehow your readers should take heart and go out and buy, buy, buy because, after all, the 25 year "long boom" -- the result of the glorious Reagan era -- is bound to persist.

You have been saying this at least since last summer, when you claimed that the downturn in the housing market wasn't big enough to take down an otherwise "strong" economy. In that time, the average real estate or stock market investor who followed your advice would have lost some 20% or more of their investments.

All I can say is that I hope you were taking your own advice and buying houses and banking stocks last summer.

Sara Bellum of TX 7:41PM July 10, 2008