I keep getting annoyed when columnists refer to "the Recovery" like it is a law of nature. Just because a certain cycle occurred in the past, that doesn't mean that the cycle has to repeat in the future.
Here is the new business cycle: oil- which is declining in worldwide output- creeps up in price as economic output increases and pushes oil to its maximum possilbe output. Once oil output cannot keep up with needs it increases dramatically in price until a recession occurs. After the new recession, economic activity starts creeping up again- never reaching the previous high- until limitations on oil output smack down the 'recovery' again. This 'recovery' will never get us back to early 2008 levels before the next oil triggered recession occurs. Repeat cycle until we all know what happens.
John Dof VA5:18PM April 15, 2011
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blucocoof AL2:55AM April 13, 2011
The most important number may be left out: The % of American's with unrealistic expectations. A lot less now that a decade ago, I'll bet.
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John D of VA 5:18PM April 15, 2011
blucoco of AL 2:55AM April 13, 2011
awakeandsurvive of GA 9:44AM April 09, 2011