willbeurdaddy -> RE: They're both nuts. (12/9/2010 2:48:25 PM)
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quote:
ORIGINAL: Musicmystery quote:
Wait...didnt some lib here say there cant possilby be a double dip recession when we technically arent in a recession? Tell it to the 9.8%/17%. This doesn't make any sense. A jobless recovery is just that. In this instance, costs were cut, boosting short term productivity, but you can't cut your way into growth. At some point, sitting on cash is just too expensive. And manufacturing, ironically, has been leading growth, as depleted inventories must be replaced. But with higher productivity, that doesn't (at least immediately) mean more workers necessarily. "jobless recovery" is poli-speak for recession, pushed in the Carter days to avoid admitting that his policies were totally fucked up. If you want to bury your head in the obtuse technical definition of "recession" go right ahead. Economists and financial advisors look at far more than anemic growth in GDP for what recovery actually is.
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