Quote:
Originally Posted by REH7380
If you go back through history you will see there is always a recession following a recovery period and the recession is approximately 1/2 of the recovery periord. We came off of the longest recovery period in history, some of it caused by unnatural financial actions by both Presidents and therefore a recession could be anticipated which we are now in. I don't agree with doing a lot to avoid it since I believe and I could be wrong that it just prolongs and causes more problems down the road. There were alot of economic theorists who had great explanations before the recession that caused a great number of people not to pull out of the market. From a logical position it made sense to get out of the market about a year ago and save ones self from losses. It did not take a rocket scientist to see the recession coming.
I don't want to get into a protracted discussion on recovery vs recession but this one persons opinion.
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Maybe I'm an optimist when it comes to our country's financial strength, maybe I'm all wet, but according to a lot of sources this recession might last only 14 months. Granted, if these are the last 14 months of your life, you might not see that as being positive. I feel we need to promote a positive attitude about our economy and not look at it as "the sky is falling".
Look at all the gloom and doom over rising oil prices! Where are those prices now?
I for one HATED the 70s, with President Carters' fireside chats saying times are tough, tighten your belts, etc. How morbid his attitude, didn't make me feel positive one bit. Then take Ronald Reagan. Like him or loath him, he projected a positive, we can do anything attitude!
So, less gloom and doom and more "no big deal, we'll be over this soon".
http://en.wikipedia.org/wiki/Recession