2 Responses to Economic Advisor Romer: Why Yes, We’re Still in a Recession; Economic Advisor Summers: Recession is Over
Liberty 5-3000 on December 14, 2009 at 8:38 am
When I stop for gasoline, I let it fill itself while I walk around and look at the pumps. Most of them tell me that people are only buying $7 to $10 of gas at a time and using a credit card, not cash or debit. It’s incidental evidence, but tells ME the recession is far from over. When we’re all filling a tank with cash is when we’re “better”. That’s 2 years away, we’re still in freefall. Slowed down, maybe—but still falling, nowhere near climbing back up.
I think we are also seeing some signs of recovery from the Economic Recession. Of course, we have no idea of how long it will take to completely recover, but some say it’s going to be longer than for the other recessions in decades. I also scanned an article yesterday that said business owners need a new set of tactics to do well during recovery.
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When I stop for gasoline, I let it fill itself while I walk around and look at the pumps. Most of them tell me that people are only buying $7 to $10 of gas at a time and using a credit card, not cash or debit. It’s incidental evidence, but tells ME the recession is far from over. When we’re all filling a tank with cash is when we’re “better”. That’s 2 years away, we’re still in freefall. Slowed down, maybe—but still falling, nowhere near climbing back up.
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I think we are also seeing some signs of recovery from the Economic Recession. Of course, we have no idea of how long it will take to completely recover, but some say it’s going to be longer than for the other recessions in decades. I also scanned an article yesterday that said business owners need a new set of tactics to do well during recovery.
Like or Dislike:
0 
0