Ragtime wrote:
I call something a recession at the point at which I notice at least
some changes in the prices of my rent, my food, my clothing, and other general goods and services our economy sustains. And minor changes, I'd called a downturn.
Other than gas, which price is controlled by OPEC, nothing in my life has gone up in price. You'd think
something would have, if we were in a recession.
I mean, seriously, if you don't even
notice the recession, and you're poor, it's probably not there!
I see, so the fact the Fed is cutting interest rates like there is no tomorrow and the government's debt is mushrooming has absolutely nothing to do with the performance of the economy.
Quote:
How many times have you read a headline mentioning economists' "surprise" at recent American economic growth??
Haven't see any, really. Could you link to some?
Quote:
They have to say that America's economic health "surprised" them in order to keep their jobs
as economists, because they're always unfoundedly predicting doom and gloom. Then, when the doom doesn't happen,
they have to backtrack, "shocked", and pretend it was a glitch of some sort or other. Nonsense! The economy is doing fine, but such news does not sell newspapers and magazines like Time and Newsweek, which are purely entertainment industries now.
So
the Economist is an alarmist entertainment magazine? Could have fooled me. They should really fire their writing staff - all those numbers and statistics supporting what they say must just be filler.
And you still haven't countered any of my real points