The Strangest Recession in Economic History

BRAVO

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 @ Mar 05, 2009 15:56:02 PM

James, you are soooo dead on right

Bravo on this great piece! Wow, dead on...just spot, spot on. Great job.

Unemployed of MA @ Jan 29, 2009 21:58:03 PM

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 @ Jan 14, 2009 22:30:01 PM

great prediction

Does this guy get the award for worst predicion of 08? I want him as my investment adviser.

Geo of NY @ Jan 05, 2009 15:34:34 PM

Strangest Recession

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 @ Jan 03, 2009 20:27:30 PM

Of course there is expansion

We are throwing a trillion dollars a year (which we are borrowing) into the economy to support the multiple wars we are engaged in.

Take out that money and you will see where the economy really is. Look forward to a time where we have to pay those loans back and see what it will do to the economy then.

Jimmy the Geek of WA @ Dec 31, 2008 02:38:02 AM

who really cares.

of @ Dec 24, 2008 09:39:03 AM

this article is a load of crap

of LA @ Dec 19, 2008 15:18:47 PM