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It's such a meaningless comment that I'm surprised it's getting media attention. If the economy grew by .001% from this point on and took a hundred more years
by TomOfTTB 17y ago
It's such a meaningless comment that I'm surprised it's getting media attention. If the economy grew by .001% from this point on and took a hundred more years to fully recover he'd still be right. So "the recession is likely over" literally means next to nothing in regards to recovery (which is what everyone really wants to know about)
- aaronblohowiak 17y ago"Recovery" meaning... returning to an unnatural "boom" time funded by housing debt equity? Consumer spending outpaced wage growth, while the real cost of living increased. This was paid for by the housing bubble.