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Moody's: Recession has ended in Mass.

 
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news



Joined: 14 Jul 2007
Posts: 0
Location: Greater Boston
PostPosted: Wed Mar 24, 2010 1:58 pm GMT    Post subject: Moody's: Recession has ended in Mass. Reply with quote
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Description: Moody's: Recession has ended in Mass.
URL: http://www.boston.com/business/articles/2010/03/24/recession_has_ended_in_mass_s ...truncated...
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Kaidran



Joined: 17 Mar 2010
Posts: 289
PostPosted: Wed Mar 24, 2010 3:04 pm GMT    Post subject: Reply with quote
Woo hoo!

CAn I haz a $500,000 lone plz.
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CC
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PostPosted: Thu Mar 25, 2010 2:49 am GMT    Post subject: Reply with quote
We have about 9.5% unemployment and they are talking about the recession has ended?

This is a joke, right?
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admin
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Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston
PostPosted: Thu Mar 25, 2010 2:32 pm GMT    Post subject: Reply with quote
CC wrote:
We have about 9.5% unemployment and they are talking about the recession has ended?

This is a joke, right?


It's a "jobless recovery." Great news, right? I love how they lead off with the statement that the recovery has been "buoyed by a housing rebound" without mentioning that the "rebound" just so happens to coincide exactly with a big increase in the temporary home buyer tax credit.

- admin
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Renting in Mass



Joined: 26 Jun 2008
Posts: 381
Location: In a house I bought in December 2011
PostPosted: Thu Mar 25, 2010 3:00 pm GMT    Post subject: Reply with quote
Mmmmm. Double dip.
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Kaidran



Joined: 17 Mar 2010
Posts: 289
PostPosted: Thu Mar 25, 2010 3:19 pm GMT    Post subject: Reply with quote
I think the point that all the "experts" acknowledge is that you cannot have a recovery until people with money believe there could be a recovery. Stories and reports like this are an important first step in geting people to invest after which it becomes a self fulfilling prophecy. Thanks to the massive separation in wealth and the divergence of the economy from actually producing things of real value; it does not really matter where the poor people put their money or if they have jobs because they dont have enough to make a difference.

I think this it typically why the US does better than the UK as the US has more people ready to believe.
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