Comments on: 5 Ways You’ll Know the Recession is Over http://www.mint.com/blog/trends/five-ways-youll-know-the-recession-is-over/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Sun, 12 Feb 2012 05:07:51 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Lonely Lover http://www.mint.com/blog/trends/five-ways-youll-know-the-recession-is-over/comment-page-2/#comment-33246 Lonely Lover Wed, 22 Jul 2009 21:25:42 +0000 http://www.mint.com/blog/?p=1953#comment-33246 i believe i can fly spread my wings and ride a bull to my dream house in the sky! i believe i can fly spread my wings and ride a bull to my dream house in the sky! ]]> By: timekeeping software http://www.mint.com/blog/trends/five-ways-youll-know-the-recession-is-over/comment-page-2/#comment-32689 timekeeping software Sat, 04 Jul 2009 04:21:46 +0000 http://www.mint.com/blog/?p=1953#comment-32689 That would be the Nobel Prize winning President Carter would it ? That would be the Nobel Prize winning President Carter would it ? ]]> By: Dr.S.Venkata Seshaiah http://www.mint.com/blog/trends/five-ways-youll-know-the-recession-is-over/comment-page-2/#comment-29959 Dr.S.Venkata Seshaiah Mon, 30 Mar 2009 15:22:34 +0000 http://www.mint.com/blog/?p=1953#comment-29959 I feel that all economic agents are responsible for this recession. Consumers, producers, politicians and business persons trapped by conspicuous consumption. Banks were not in a position to assess the credit worthyness of the consumers, governments failed in implementing policies, because of greediness most of the consumers trapped by debt. Researchers used quantitative techniques madly without taking intuition, history in to account. Never bothered about theory, fundamentals. Hence we can not blame only one kind of economic agent, all economic agents are resposible. Averages always misleads. To come out from this recession we do not go for cost cutting rathe should adopt cost reduction techniques. Ex: To reduce weight one should not cut either left leg or right leg, rather should reduce the weight by burning the calories. Dr.S.Venkata Seshaiah I feel that all economic agents are responsible for this recession. Consumers, producers, politicians and business persons trapped by conspicuous consumption. Banks were not in a position to assess the credit worthyness of the consumers, governments failed in implementing policies, because of greediness most of the consumers trapped by debt. Researchers used quantitative techniques madly without taking intuition, history in to account. Never bothered about theory, fundamentals. Hence we can not blame only one kind of economic agent, all economic agents are resposible. Averages always misleads.
To come out from this recession we do not go for cost cutting rathe should adopt cost reduction techniques. Ex: To reduce weight one should not cut either left leg or right leg, rather should reduce the weight by burning the calories.
Dr.S.Venkata Seshaiah ]]> By: Lucas http://www.mint.com/blog/trends/five-ways-youll-know-the-recession-is-over/comment-page-2/#comment-29754 Lucas Tue, 17 Mar 2009 19:59:55 +0000 http://www.mint.com/blog/?p=1953#comment-29754 @Locke, "Much smaller than the subset of left-wingers that are protectionist/anti-free trade." Really? I don't think so. The Internet is full of those so called cyber-libertarians. The real world is also full of think tanks/PR organizations/conservative media mounting campaigns against the UN, environmental NGOs, liberal organizations and non-partisan organizations. An example: http://www.sourcewatch.org/index.php?title=International_Conference_on_Climate_Change_(2009) On the issue of free trade. The current agreements on trade clearly favor multinationals over local small business. The asymmetries between nations are far too big to pursue unfettered free trade. http://en.wikipedia.org/wiki/Dependency_theory http://www.mtholyoke.edu/acad/intrel/depend.htm On protectionism. Protectionism is a tool which has been used in great extent by many developed nations in the course of their development with great success on some cases. http://www.henryckliu.com/page53.html http://www.henryckliu.com/page39.html http://www.henryckliu.com/page5.html @Locke,
“Much smaller than the subset of left-wingers that are protectionist/anti-free trade.”
Really? I don’t think so. The Internet is full of those so called cyber-libertarians. The real world is also full of think tanks/PR organizations/conservative media mounting campaigns against the UN, environmental NGOs, liberal organizations and non-partisan organizations. An example: http://www.sourcewatch.org/index.php?title=International_Conference_on_Climate_Change_(2009)

On the issue of free trade. The current agreements on trade clearly favor multinationals over local small business. The asymmetries between nations are far too big to pursue unfettered free trade.
http://en.wikipedia.org/wiki/Dependency_theory
http://www.mtholyoke.edu/acad/intrel/depend.htm

On protectionism. Protectionism is a tool which has been used in great extent by many developed nations in the course of their development with great success on some cases.
http://www.henryckliu.com/page53.html
http://www.henryckliu.com/page39.html
http://www.henryckliu.com/page5.html

]]> By: Mark http://www.mint.com/blog/trends/five-ways-youll-know-the-recession-is-over/comment-page-2/#comment-29726 Mark Mon, 16 Mar 2009 16:53:46 +0000 http://www.mint.com/blog/?p=1953#comment-29726 The recession is over when consumer spending takes off. That's the number one driving force. The employment rate may improve, stocks may go up, as prices might remain low; but if consumers don't spend we are still in a recession. Until then lay low in bank money market accounts (www.money-rates.com) earning over 3%.... The recession is over when consumer spending takes off. That’s the number one driving force. The employment rate may improve, stocks may go up, as prices might remain low; but if consumers don’t spend we are still in a recession.

Until then lay low in bank money market accounts (www.money-rates.com) earning over 3%….

]]> By: Wealth Alchemist http://www.mint.com/blog/trends/five-ways-youll-know-the-recession-is-over/comment-page-2/#comment-29703 Wealth Alchemist Sun, 15 Mar 2009 14:04:57 +0000 http://www.mint.com/blog/?p=1953#comment-29703 Good insights on recession recovery signs. I think economy will bottom out in 2010 rather than 2009, looking at some signs mentioned above: http://www.wealthalchemist.com/Blog/2009/03/economy-bottom-mid2010/ Good insights on recession recovery signs. I think economy will bottom out in 2010 rather than 2009, looking at some signs mentioned above:

http://www.wealthalchemist.com/Blog/2009/03/economy-bottom-mid2010/

]]> By: Andrew G. http://www.mint.com/blog/trends/five-ways-youll-know-the-recession-is-over/comment-page-2/#comment-29666 Andrew G. Sat, 14 Mar 2009 01:12:40 +0000 http://www.mint.com/blog/?p=1953#comment-29666 Zeitgeist:Addendum FTW!!! Zeitgeist:Addendum FTW!!! ]]> By: Locke http://www.mint.com/blog/trends/five-ways-youll-know-the-recession-is-over/comment-page-2/#comment-29603 Locke Fri, 13 Mar 2009 00:36:19 +0000 http://www.mint.com/blog/?p=1953#comment-29603 @Lucas said, "You can’t talk about cooperation among nations in the world without scaring someone in the right-wing fringe about world government, new world order and other conspiracy theories. For those nutjobs, multilateralism is an euphemism for world government and elites trying to take over the USA." While I wouldn't argue that that applies to some, in fairness you have to admit it's a relatively small subset of that group. Much smaller than the subset of left-wingers that are protectionist/anti-free trade. For those nutjobs, promoting open trade is a euphemism for corporate multi-nationals trying to take over the world. @Lucas said, “You can’t talk about cooperation among nations in the world without scaring someone in the right-wing fringe about world government, new world order and other conspiracy theories. For those nutjobs, multilateralism is an euphemism for world government and elites trying to take over the USA.”

While I wouldn’t argue that that applies to some, in fairness you have to admit it’s a relatively small subset of that group. Much smaller than the subset of left-wingers that are protectionist/anti-free trade. For those nutjobs, promoting open trade is a euphemism for corporate multi-nationals trying to take over the world.

]]> By: Lucas http://www.mint.com/blog/trends/five-ways-youll-know-the-recession-is-over/comment-page-2/#comment-29599 Lucas Thu, 12 Mar 2009 19:59:14 +0000 http://www.mint.com/blog/?p=1953#comment-29599 @ blindsangamon, Argentina's recession lasted 3 years. But it was a radically different recession that the current one: - Argentina is a developing country. - Argentina had large debts denominated in hard currency. In other words, it couldn't print money to pay its debts. - Its main exports were commodities which were in the end of a 25 years secular bear market. - It had a currency board (created to fight inflation) which blocked the expansion of credit (the money supply was linked to the amount of reserve currency held by the central bank) and priced Argentina's exports out of the world (the dollar rose in price against other currencies in the late 90s) - Its main trade partner (Brazil) devalued its currency thus extending Argentina's lack of competitiveness. - The neoliberals in charge of government had already sold the country's most valuable assets (the oil company, the monopolies in telephone and other services, lots of industrial corporations, etc). According to your opinion, the USSR was fine and dandy until Gorbachev came to power? And Obama is a marxist and narcissistic? Stop listening to hate radio. @Bellar, You can't talk about cooperation among nations in the world without scaring someone in the right-wing fringe about world government, new world order and other conspiracy theories. For those nutjobs, multilateralism is an euphemism for world government and elites trying to take over the USA. @Smike, The stock market isn't the economy. Take the same time period (1966-1982) and compare GDP growth with the stock market performance. You will be surprised. While the Dow was essentialy flat (w/o dividends reinvested), the economy was growing nicely. The stock market measures corporate profits and investor sentiment. Corporate profits are the proxy between the economy and the stock market but it isn't a reliable indicator. @synapz, Lending is the lifeblood of capitalism, no matter if you like it or not. Capitalism is first and foremost a financial arrangement of things; the owners of property and means of productions are those who have financial claims on them with different levels of seniority, responsibility (equity holders are entitled to run/use the property and accumulate the profits and debt holders receive interest) and priority in the event of liquidation (debt holders are paid first and equity holders get the remnants). Credit is based on trust and trust is enforced by the rule of law. @ blindsangamon,
Argentina’s recession lasted 3 years. But it was a radically different recession that the current one:
- Argentina is a developing country.
- Argentina had large debts denominated in hard currency. In other words, it couldn’t print money to pay its debts.
- Its main exports were commodities which were in the end of a 25 years secular bear market.
- It had a currency board (created to fight inflation) which blocked the expansion of credit (the money supply was linked to the amount of reserve currency held by the central bank) and priced Argentina’s exports out of the world (the dollar rose in price against other currencies in the late 90s)
- Its main trade partner (Brazil) devalued its currency thus extending Argentina’s lack of competitiveness.
- The neoliberals in charge of government had already sold the country’s most valuable assets (the oil company, the monopolies in telephone and other services, lots of industrial corporations, etc).

According to your opinion, the USSR was fine and dandy until Gorbachev came to power? And Obama is a marxist and narcissistic?
Stop listening to hate radio.

@Bellar,
You can’t talk about cooperation among nations in the world without scaring someone in the right-wing fringe about world government, new world order and other conspiracy theories. For those nutjobs, multilateralism is an euphemism for world government and elites trying to take over the USA.

@Smike,
The stock market isn’t the economy. Take the same time period (1966-1982) and compare GDP growth with the stock market performance. You will be surprised. While the Dow was essentialy flat (w/o dividends reinvested), the economy was growing nicely.
The stock market measures corporate profits and investor sentiment. Corporate profits are the proxy between the economy and the stock market but it isn’t a reliable indicator.

@synapz,
Lending is the lifeblood of capitalism, no matter if you like it or not. Capitalism is first and foremost a financial arrangement of things; the owners of property and means of productions are those who have financial claims on them with different levels of seniority, responsibility (equity holders are entitled to run/use the property and accumulate the profits and debt holders receive interest) and priority in the event of liquidation (debt holders are paid first and equity holders get the remnants). Credit is based on trust and trust is enforced by the rule of law.

]]> By: Bellar http://www.mint.com/blog/trends/five-ways-youll-know-the-recession-is-over/comment-page-1/#comment-29529 Bellar Tue, 10 Mar 2009 03:10:18 +0000 http://www.mint.com/blog/?p=1953#comment-29529 Seems that crisis will not recovered in short time. At the east part of the world, crisis in real sectors even just begun now on and situation will be worst up next several months. Need good cooperation among nations in the world. Seems that crisis will not recovered in short time. At the east part of the world, crisis in real sectors even just begun now on and situation will be worst up next several months.
Need good cooperation among nations in the world. ]]>