Comments on: Are we Coming out of the Recession? http://www.mint.com/blog/trends/are-we-coming-out-of-the-recession/ 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. Fri, 19 Mar 2010 18:26:43 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Mattwi http://www.mint.com/blog/trends/are-we-coming-out-of-the-recession/comment-page-1/#comment-41336 Mattwi Thu, 29 Oct 2009 14:13:52 +0000 http://www.mint.com/blog/?p=6847#comment-41336 We have spent years building up debt and over-spending, do you really think that by cutting back a bit, the economy will recover in a few months? No, of course not, it's common sense. Politicians have been telling us the recession is over and that there are signs of recovery every month, since it all began, and you can't trust them to come out with the truth on this anyway because it just makes them look bad, and when did a politician ever say anything that might cast them in a bad light?? We have spent years building up debt and over-spending, do you really think that by cutting back a bit, the economy will recover in a few months? No, of course not, it’s common sense. Politicians have been telling us the recession is over and that there are signs of recovery every month, since it all began, and you can’t trust them to come out with the truth on this anyway because it just makes them look bad, and when did a politician ever say anything that might cast them in a bad light?? ]]> By: Chase Johnson http://www.mint.com/blog/trends/are-we-coming-out-of-the-recession/comment-page-1/#comment-41321 Chase Johnson Thu, 29 Oct 2009 09:51:02 +0000 http://www.mint.com/blog/?p=6847#comment-41321 Say an owner of a bakery fell on hard times because he made an excessive number of donuts that no one wanted and had to sell his donuts at steeply discounted prices for a loss. Then a lender stepped in and said ... Hey baker, I have excessive amounts of money that I can lend to you for free so long as you promise to keep making those donuts as fast as possible. Then I want you to buy go around to all the other bakers and buy all their donuts with more free money and they in turn will buy your donuts with additional free money that I give them. Soon the price of donuts will be so high that anyone who actually wants a donut will have to pay a ridiculous amount of money to get one and then we can stop lending you as much free money as we were before. The baker asks the lender who is giving away all the free money? and the lender says "the people buying the donuts, of course." Enjoy the recovery =D Say an owner of a bakery fell on hard times because he made an excessive number of donuts that no one wanted and had to sell his donuts at steeply discounted prices for a loss. Then a lender stepped in and said … Hey baker, I have excessive amounts of money that I can lend to you for free so long as you promise to keep making those donuts as fast as possible.

Then I want you to buy go around to all the other bakers and buy all their donuts with more free money and they in turn will buy your donuts with additional free money that I give them. Soon the price of donuts will be so high that anyone who actually wants a donut will have to pay a ridiculous amount of money to get one and then we can stop lending you as much free money as we were before.

The baker asks the lender who is giving away all the free money?
and the lender says “the people buying the donuts, of course.”

Enjoy the recovery =D

]]> By: kiel http://www.mint.com/blog/trends/are-we-coming-out-of-the-recession/comment-page-1/#comment-41317 kiel Thu, 29 Oct 2009 08:45:22 +0000 http://www.mint.com/blog/?p=6847#comment-41317 I'd like to be as enthusiastic as Aimee about this graph, as it does contain tons of information, but it appears somewhat inconsistent or unclear (to me) 1. What does the squid represent? 2. "US assets held abroad.." Why is the 2009:II so tiny for -67k? I'm having a really hard time understanding this. What I gather: The bank failures are NIL just a few years ago and grow exponentially..we are going to have another record year for failure/recession in every category. The economy is still in the gutter and it will be until 2012 is my prediction. I also think the stock market is going to dump before 2010 as option arms reset. The housing market will also deflate as more and more people 'strategically foreclose'. As America's economy completely devolves after years of voodoo economic principles brought on by the wealthy, only jobs left here will be making pizza, microcode, or working for the government (directly or indirectly). Tax the rich - Tax people/corporations benefiting from externalities that are made possible by the masses and their tax dollars. This is how you get rich in this country (which is a form of thievery). Taxation is legal and good, benefiting from taxing the masses is transferring wealth. This is known as benefiting from externalities. Making money in this country is great, but pay some taxes back into the system, this is how it should work (regulated taxes).. more so, regulate the market, get wallstreet out of the whitehouse and restore order, principles and morality to capitalism before it's soul is completely eaten away in the name of short term profits and short sighted greed. http://en.wikipedia.org/wiki/List_of_countries_by_income_equality I love looking at this list and how the US is barely in the top 50.. while the standards of living for nearly all of the top 25 are improved over the US. I’d like to be as enthusiastic as Aimee about this graph, as it does contain tons of information, but it appears somewhat inconsistent or unclear (to me)

1. What does the squid represent?
2. “US assets held abroad..” Why is the 2009:II so tiny for -67k? I’m having a really hard time understanding this.

What I gather: The bank failures are NIL just a few years ago and grow exponentially..we are going to have another record year for failure/recession in every category. The economy is still in the gutter and it will be until 2012 is my prediction. I also think the stock market is going to dump before 2010 as option arms reset. The housing market will also deflate as more and more people ’strategically foreclose’. As America’s economy completely devolves after years of voodoo economic principles brought on by the wealthy, only jobs left here will be making pizza, microcode, or working for the government (directly or indirectly). Tax the rich – Tax people/corporations benefiting from externalities that are made possible by the masses and their tax dollars. This is how you get rich in this country (which is a form of thievery). Taxation is legal and good, benefiting from taxing the masses is transferring wealth. This is known as benefiting from externalities. Making money in this country is great, but pay some taxes back into the system, this is how it should work (regulated taxes).. more so, regulate the market, get wallstreet out of the whitehouse and restore order, principles and morality to capitalism before it’s soul is completely eaten away in the name of short term profits and short sighted greed.

http://en.wikipedia.org/wiki/List_of_countries_by_income_equality

I love looking at this list and how the US is barely in the top 50.. while the standards of living for nearly all of the top 25 are improved over the US.

]]> By: Daiichi http://www.mint.com/blog/trends/are-we-coming-out-of-the-recession/comment-page-1/#comment-41314 Daiichi Thu, 29 Oct 2009 08:04:14 +0000 http://www.mint.com/blog/?p=6847#comment-41314 Gotta wonder though. Most of the "indicators" in this article are price-based (stock prices, commodity prices, etc.) The U.S. Govt. just threw 1.5 Trillion printed dollars into the economy. Most of this went into the financial industry--which generally invests their money in stock and commodities. So it goes without saying that one would expect inflation to first manifest itself in what the financial and insurance industries "buy"---namely, traded securities and commodities.... and I have to wonder whether what we're really seeing is the precursor to rampant inflation? Gotta wonder though. Most of the “indicators” in this article are price-based (stock prices, commodity prices, etc.) The U.S. Govt. just threw 1.5 Trillion printed dollars into the economy. Most of this went into the financial industry–which generally invests their money in stock and commodities. So it goes without saying that one would expect inflation to first manifest itself in what the financial and insurance industries “buy”—namely, traded securities and commodities…. and I have to wonder whether what we’re really seeing is the precursor to rampant inflation? ]]> By: mintme http://www.mint.com/blog/trends/are-we-coming-out-of-the-recession/comment-page-1/#comment-41313 mintme Thu, 29 Oct 2009 08:01:18 +0000 http://www.mint.com/blog/?p=6847#comment-41313 I'm sorry, but I have to disagree...this info graphic is horrible. It's misleading and non-intuitive. Tufte would flip if he saw this. I’m sorry, but I have to disagree…this info graphic is horrible. It’s misleading and non-intuitive. Tufte would flip if he saw this. ]]> By: patriot http://www.mint.com/blog/trends/are-we-coming-out-of-the-recession/comment-page-1/#comment-41310 patriot Thu, 29 Oct 2009 07:30:58 +0000 http://www.mint.com/blog/?p=6847#comment-41310 www.falloftherepublic.tk watch it, learn the truth, also check out hyperinflation nation. we were sold out http://www.falloftherepublic.tk

watch it, learn the truth, also check out hyperinflation nation. we were sold out

]]> By: Aimee http://www.mint.com/blog/trends/are-we-coming-out-of-the-recession/comment-page-1/#comment-41297 Aimee Thu, 29 Oct 2009 02:28:19 +0000 http://www.mint.com/blog/?p=6847#comment-41297 I want to tell the person that designs your graphs and chart that they are brilliant and make me want to look at this information that normally I would not read in detail because it would be just a bunch of words. Often I stop and look at these charts in detail. It makes me like this blog so much more than I would if the information was just given to me in text form. It brings so much more appeal to this blog especially for the 20-30 something demographic (which is me so I know - wink!) Whomever does these design: Great job! You display relevant information in a visually unique and pleasing way. Time to ask for a raise! I want to tell the person that designs your graphs and chart that they are brilliant and make me want to look at this information that normally I would not read in detail because it would be just a bunch of words. Often I stop and look at these charts in detail. It makes me like this blog so much more than I would if the information was just given to me in text form. It brings so much more appeal to this blog especially for the 20-30 something demographic (which is me so I know – wink!)

Whomever does these design: Great job! You display relevant information in a visually unique and pleasing way. Time to ask for a raise!

]]> By: Athar A. Khan http://www.mint.com/blog/trends/are-we-coming-out-of-the-recession/comment-page-1/#comment-41288 Athar A. Khan Wed, 28 Oct 2009 22:58:36 +0000 http://www.mint.com/blog/?p=6847#comment-41288 A good number of "experts" seems to think the worst is over. However, there are several other experts who believe that we will experience another 10% decline in the coming months. A good number of “experts” seems to think the worst is over. However, there are several other experts who believe that we will experience another 10% decline in the coming months. ]]>