Sunday, June 6, 2010

Why is this recession different from all others...

I've been looking at the Recession 101 signs around the country and wondered "Who's political agenda supports these messages?" For instance:

Other like minded messages clearly state, the US will get out of this recession like in 1974, 1980, 1981, 1990, and etc.

Charlie Robb creates these "uplifting messages" started with money from an anonymous Florida donor. Who could it be? Rush? Tiger? Oprah? Mickey Arison? Charlie Crist? Probably not Charlie. Governor salaries aren't what they used to be. Even the saintly NY Times doesn't know who is sponsoring these messages.

Well the neurotic in me strongly disagrees. We should be concerned and not because I own some short positions. This recession is a bad one. The New York Times ran the following graph:


Scary no? I point out the 2001 recession took four years to bring jobs back to original levels.

Yes the US will come out the recession but only after a ton of pain.

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