Dude, that post was a year ago.
By traditional measures, the recession was over last year. But since corporations have been hoarding cash ($2 trillion) at record levels, the GDP growth has not resulted in an other measure of recovery. Just today, a survey showed that 75% still think we are in a recession. The reason is that 3/4 see no recovery in their own condition or the economy.
As the old saying goes, if you are underemployed, it is a recession to you. If you are unemployed, it is a depression.
So, if the recession is truly over, and economic activity has increased, then why is there not any job growth ? It's been a year since the recovery began. Why such a long delay ?
And, if the recession is truly over, that means the stimulus worked, and Obama deserves credit for policy that got us out of recession. You are giving Obama credit, right ?
Answer those questions genius.
By the way, my portfolio is up 27% this year. So, I'm doing fine. Hope you are making money too (I'm sure you are).
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