Posted by kyhayman on March 16, 2009 at 07:52:54 from (75.104.128.36):
In Reply to: O/T Recession posted by Ben Grimes on March 16, 2009 at 07:13:35:
My gut feeling is we are just past the mid point. Even a technical end of the recession wont me its all wine and roses. It simply means that the stock markets are up and GDP is increasing. I'd tend to agree with Bernake, my gut tells me we will look back in a couple of years and see that the recession ended sometime in the 3rd or 4th quarters.
BUT... a recession meeting a technical end doesnt mean things are suddenly better. Unemployment will continue to rise for a quarter or two after the recovery starts. Business and economic cycles follow parabolic or hyperbolic curves. Its a long slide down and a long hill up.
This is worth what you paid for it. I've called the bottom since September, lol. At each technical break I've tried to put money in the market. But, I've kept at it. The dollar is still the worlds reserve currency. In a sense the US is to the world like AIG is to the US. Too big to fail. While countries might decide to dump dollars at some point the fact doesnt change that too many of the worlds biggest economies hold a lot of dollars.
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