Real Estate Investor · OH · Member since 2008 · 4k+ posts · 1k+ votes
17y
How can that be? The talking heads on TV and the administration are telling us that the recession is over, even as the debt the government has caused is piling up higher than Mount Everest! Borrow some money! Spend like there's no tomorrow! You need a new car and McMansion! Get with the program Ken! Your government wants you to spend, spend, spend until you can't spend anymore!
Or...could all this spending be the problem that started this entire mess?
LaVale, MD · Member since 2009 · 34 posts · 3 votes
17y
Mike,
Perhaps you can find me a quote where anyone in the administration is saying that the recession is over because what I am finding is exactly the opposite of what you claim. As an example, here is an from the day before yesterday titled "Recession far from over, Obama says."
One of the truly remarkable things about this forum is the experts here who have earned their credibility and our respect by repeatedly providing both the best information as well as excellent analysis.
Conversely, members here who routinely provide misinformation, inaccurate forecasts, and/or sloppy analysis generally find themselves marginalized and ignored.
It is my hope that neither of us will find themselves in that latter category because to be quite honest with you, I find that having access to this incredibly high quality information and advice to be invaluable.
Real Estate Investor · OH · Member since 2008 · 4k+ posts · 1k+ votes
17y
Here's just one article where they are declaring that the recession is coming to an end. If you would watch CNBC, you'll see that almost everyday. As Nouriel Roubini likes to say, the "experts" have predicted 6 of the last ZERO recoveries during this recession.
If you're looking for a quote from the administration saying overtly that the recession is over, you won't find it. With the socialists, you've got to learn to read the code words they use.
Here's another article that illustrates the administration's position.
LaVale, MD · Member since 2009 · 34 posts · 3 votes
17y
Mike,
Thanks for the response. Being a member of this forum ensures that I will continue to learn something new every single day.
The first link you provided is titled "Financial experts say recession ends by year's end" and seems to be inline with many of the projections here. I'm sure you realize that financial experts are not the administration nor are they actually part of the media and that financial experts have occasionally been wrong in the past.
The second link you provided is titled, "Obama sees US economy moving from recession to recovery" and neither of these articles confirm your original claim that the media or the administration are saying, "that the recession is over" but you certainly knew that.
If it makes a difference to you, I did not vote for the president, I do not support a lot of the policies this administration is implementing but I am willing to give it a chance, because, in the final analysis, that is what we are going to have to do, isn't it?
Real Estate Consultant · Irvine, CA · Member since 2009 · 102 posts · 24 votes
17y
I think there's a delineation to be made when we talk about foreclosure filings: defaults filed and actual completed foreclosure.
In my neck of the woods (Orange County, CA) there's been a 80% increase in defaults but a 6% decrease in completed foreclosures, according to the LA times.