Filed under: Bad news, Rumors, Management, Rants and raves, Market matters, Scandals, Economic data, Politics, Headline news, Recession
There has been so much crap thrown around about whether WE ARE in a full blown recession OR NOT that all the talk, is just that — a lot of talk. Long time investors know well that if there is anybody left that thinks we are not in a recession than we have not reached final capitulation.
If we do not reach this level of pain, then we cannot get better. Admitting the problem is a major path to recovery. That is true for an alcoholic and our ailing economy. As long as the alcoholic keeps saying they can handle the problem, its not going away.
Our economy is drunk and falling over. You can call our current economic crises a “rose” for all I care, and for those that want to wait for the classic two quarters of negative growth to appear you can consider yourself followers not leaders. Leaders take action and try to avoid a crises. Followers, wait until there is a crises… and historians document and report on the difference between the two.
Continue reading Economic TKO: Bush will call recession capitulation
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