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nottheSEC (81.34)

THE RECESSION ENDS TODAY at 5.Adult beverages at 6.Save this blog for proof 12/09.

Recs

3

May 07, 2009 – Comments (4)

Ok maybe not at 5 today but an esteemed writer working for the good folks at Zacks makes some rather salient points pending the handling of the GM/Crysler fiasco. I will say this will be the slowest recession recovery in American history The article is presented below for its perusal.

" The four-week average, which is a much more significant measure given the inherent volatility of the series, fell to 625,500 -- a decline of 14,750 from last week"
 

"...TED spread, or the difference between what banks charge each other for very short term loans over short term T-bills, is now down to 77.5 basis points, down from a peak of 464 basis points during the height of the crisis last October. This shows that the banks now have a lot more confidence in each other than they used to."

" Unfortunately, the scale only shows the BDI, not copper, but it was well over $4 a pound at the top, fell to around $1.25 and is now back at $2.18 a pound."
 

  I will say this will be the slowest recession recovery in American history 

http://www.zacks.com/stock/news/19935/Is+the+Recession+Over%3F

4 Comments – Post Your Own

#1) On May 07, 2009 at 1:07 PM, nottheSEC (81.34) wrote:

We can only hope. I am not minimizing the suffering we have all endured including my own 35%+ haircut on my 401K. I wish all well and hope I am delivering better/good news.   All Best>>>J 

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#2) On May 07, 2009 at 1:11 PM, motleyanimal (93.22) wrote:

Good Gawd, will it be like the 1970s again? I almost killed myself in those platform shoes!

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#3) On May 07, 2009 at 4:28 PM, nottheSEC (81.34) wrote:

Thank you for your participation

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#4) On May 07, 2009 at 4:29 PM, nottheSEC (81.34) wrote:

Much obliged MA

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