The economy

you won't. Most economic indicators like housing and employment are lagging.

The_President,

We have not bottomed out and were not out of this economic storm?

What was your old name?

all bloomberg tv is talking about is how the recession has ended -- and how much positive news is expected to come -- beating expectations -- and the markets are down. go figure.

When is the mayoral election?

we could very well be out of the recession right now. Heck, even Krugman has said the economy has bottomed out and he is Mr. Gloom and Doom. But economic data is lagging so it is hard to tell when and if the recession has ended.

structural inflation is 2-3%/yr.. the fact fed is at 0% means... they are shoveling truckloads of money at the bank.... if the economy is so "Good" maybe fed should put some brakes on this over-heating runaway truck.... how about 2% (historical average to put breaks on Economy)... so we go from 5% mortgages to 9%... alrighty El_P.... you got what you wanted, right?

Remember we need to go to base 2-3% inflation (normal) then add 2%, plus the "cushion" GS requires to front-run this thing.... WOW... 9% inflation... Hmmmmmmm hmmmmmmm WTF do you think about your "HOME" prices now! LMAO... oh I know you plan to be in for 30yrs..... funny life has a way of showing your wife double overed by the dog-walker just when you least expect it... hahhahhahahahaha

i dont understand how it took months and months to officially call it a 'recession' but then seemingly overnight it was 'over'....weird stuff happening..

mhillqt,

I agree with you 100%

Think about how many times they called a bottom to the stock market.
What ining are we in now? 57th ining? 83 ining?
3 ecomomists...4 opinions

even the nber wonks are disagreeing. a couple of interesting articles out there today on the peak in initial claims not resulting in the change in employment numbers one would usually expect when coming out of a recession. James Hamilton at econbrowser discusses this, and it's interesting because his econbrowser colleague Menzie Chin came out with a rah rah analysis of the employment numbers a day earlier. i respect Hamilton, and he is not an uberbear. anyway, the nber delay in calling the recession over and done for...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aMmMOZRW_kus