tag:blogger.com,1999:blog-8822606000441641347.post2662941038350691579..comments2023-09-06T03:57:44.608-07:00Comments on Marko's Take: Has A True Economic Recovery Actually Begun?Markohttp://www.blogger.com/profile/07028301085211245105noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8822606000441641347.post-47062484563428873722009-12-09T13:40:21.773-08:002009-12-09T13:40:21.773-08:00Peter:
From my perspective you are absolutely rig...Peter:<br /><br />From my perspective you are absolutely right!<br /><br />One of the problems I have with this so-called "recovery" is exactly the mis-reporting by the media pundits you refer to!<br /><br />In all honesty, the media is so unreliable that I can't believe a word they say.<br /><br />Thanks again, for you thoughtful response.<br /><br />MarkoMarkohttps://www.blogger.com/profile/07028301085211245105noreply@blogger.comtag:blogger.com,1999:blog-8822606000441641347.post-55147221789724821582009-12-09T13:27:19.542-08:002009-12-09T13:27:19.542-08:00I think there is a big difference between a 'p...I think there is a big difference between a 'paper' or 'ledger notation' recovery and a 'personal' recovery.<br /><br />The pundits can say all they want about 'recovery'. I still contend that the 'personal' recovery from all the millions of people affected by the bank failures, mortgage crisis and loss of jobs will take, AT A MINIMUM, 5 years to dig out of, if they ever will. And, I'm trying to be positive here!!!<br /><br />So, while the 'economic esperts' discuss the 'recovery' while having dinner at a steak house or sipping a cocktail at a CNN party, 'The Truly Affected' can only look on and hope that at the age of 45, they will once again be able to move out of 'Mom's' house and build a life of their own. (Sarcasm intended!)<br /><br />PeterPeter Bhttps://www.blogger.com/profile/17669110902536980214noreply@blogger.comtag:blogger.com,1999:blog-8822606000441641347.post-24842866279292817672009-12-08T16:01:12.826-08:002009-12-08T16:01:12.826-08:00Holly, even since the article was written, I'm...Holly, even since the article was written, I'm now starting to lean a bit more to the "no recovery" position, however, it's too early to really assess anything until after Christmas.<br />I have a strange hunch, that we HAVE seen the bottom in housing. Why? Inflation! I think that there will be a window when home values actually DO appreciate before interest rates rise, but again that's just a hunch.<br /><br />Thanks for reading and your comment.<br /><br />MMarkohttps://www.blogger.com/profile/07028301085211245105noreply@blogger.comtag:blogger.com,1999:blog-8822606000441641347.post-51491908516111503412009-12-06T16:10:26.739-08:002009-12-06T16:10:26.739-08:00I guess it depends on what one calls a recovery. I...I guess it depends on what one calls a recovery. If it's a recovery to the statistics of the consumer driven 'bubble' economy, then sure, maybe there's a recovery. If it's a restoration to a real value based economy, then there's no possible way we're observing a recovery. I completely agree with you that govt monkeying is sowing the seeds of greater crisis.Hollynoreply@blogger.com