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Whew! It's Over!

Recs

8

September 20, 2010 – Comments (3)

Man I know I feel better now:

http://finance.yahoo.com/news/Economic-panel-says-recession-apf-2658642411.html?x=0&sec=topStories&pos=main&asset=&ccode=

I am willing to bet dollars to donuts that there are an awful lot of people out there that feel otherwise. But the panel has spoken!

Just in case you were wondering, yes, I am kidding :) Still feels like a recession...

Fool on,

Jason

3 Comments – Post Your Own

#1) On September 20, 2010 at 1:06 PM, Turfscape (41.08) wrote:

Reminds me of 2002. A financial advisor I had to deal with while I was rolling over the SIMPLE plan from the employer who had laid me off was trying to get me to buy some of his 'amazing, can't-miss, all-inclusive super-wonderful' financial products (meaning insurance disguised as an investment). I explained that even if I thought his investment was sound, I was living off my savings with no employment opportunities in sight.

He deftly explained to me that the recession had ended in November of the previous year. Honestly, he worked to convince me that I shouldn't be conservative with my money because the recession was officially over...I was unemployed (for over eight months at that point), had no job interviews lined up and my  cash reserve was running low (very low). But, little did I know that the recession had ended around the time I was getting laid off! Silly me! By all means, let me buy a couple annuities, a standard whole-life policy and A-shares of whatever mutual fund pays you the biggest commision...the recession has ended. Laissez les bon temps roulet!

Yeah, recessions just don't work like that. There are real people on the end of those numbers. And those people aren't going to care if a recession is "officially" over until they feel confident in their job and income.

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#2) On September 20, 2010 at 1:35 PM, alstry (35.21) wrote:

Is Ireland the next Greece?- CNBC

Homebuilders' confidence stuck at 18-month low

Defaults Account for Most of Pared Down Debt

Wall Street Faces Grim Third Quarter 

For the Unemployed Over 50, Fears of Never Working Again

Wichita Home Sales Down 32% in August

The Illusion of Pension Savings

UK Proposes all Paychecks go to the State First

YUP it's over as governments start to confiscate paychecks and shut down hospitals and schools.....

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#3) On September 20, 2010 at 3:59 PM, leohaas (36.25) wrote:

Keep 'm coming, those alstry-style "the sky is falling" posts!

Need some laughing during my mid-afternoon break...

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