Reply #44: I am not talking of Wall street indicators

[nadinbrzezinski]

sadly.

But GNP and yes, those unemployment indicators. While they are NOT FINE yet, they are LEADING when you get into the mess, and TRAILING on the way out of the mess. This is economics 101.

SLOWLY, painfully so, things are getting better.

And a DEPRESSION has an ACTUAL TECHNICAL DEFINITION involving silly shit like GNP... we got close to it, but did not get there.

And you may not remember this, but I did not tell you things were fine when this started and I did cite the same GNP indicators as well as other ECONOMIC things like money supply... as a sign things were getting bad.

Sorry if I refuse to join you in the sky is falling and we are all gonna die ... but I will say this... we got THIS CLOSE to an actual depression... and credit where credit is due... it was that Keinseian economics that came to the rescue AGAIN.

Has this been a bad recession? YOU BETCHA! But a depression? HARDLY...

And one indicator of this, unless you know somebody who hired you at the company you are doing IT right now, you were hired... where do you think that job came from?

Now if this happened because of Cronyism then that is a whole different story.