Reply #9: Recession.. [View All]

[sendero]

... is a technical term referring to the behavior of certain economic statistics.

These statistics are sometime meaningful, sometimes not, sometimes accurate, sometimes "adjusted" beyond recognition.

At some point we will be "technically" out of recession but nothing much will change for working Americans. The politicians and the media will focus on these technical indicators as meaningful when there are in fact not particularly.

To summarize, we are technically near the end of the "recession" but as a practical matter we are actually IN a depression.