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RC2

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Alias Born 02/03/2011

RC2

Re: wow_happens28 post# 3560

Sunday, 10/09/2011 2:23:37 PM

Sunday, October 09, 2011 2:23:37 PM

Post# of 30494

Recession?



IMO, any comment on the recession of the past several years that compares it solely to "post-war" recessions is not worth reading.

Such comments totally miss the fact that this recession is not simply a "business cycle" event but rather a "credit contraction/destruction" event. These things take years -- not quarters -- to work themselves out.

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