Boy wonder does it again.
"That's the problem. Anecdotal evidence is easily the weakest form of evidence and the most unreliable. Bigfoot sightings, and alien abductions are supported solely by anecdotal evidence. A memory is just as biased as the person holding the memory. Your refusal to do any actual research is characteristic of anti-intellectualism. If you are really interested in understanding our current recession, watch this video:" Bohemian
Bohemian claims he knows more than me and even states we are still in recession, regardless of what the Economist say.
We are out of the recession by the slimmest of technicalities, yes, however the current conditions are only marginally better than they were only a few years ago. Being out of a recession by a mere 2% is like being out of boiling hot water, by entering water that is only a scalding 210 Degrees Fahrenheit. But hey, at least you're not in boiling hot water anymore. So if you would like to do your "I was right about something" dance, now would be the appropriate time.
The Recession (1.bp.blogspot.com)
BOHEMIAN: "I think he (TheWayItis) has a slight obsession with trying to prove me wrong on something, anything really." 1day 4hrs ago
THEWAYITIS: "Of course this only a technicality, but bottom line is your wrong." 2 hrs ago
Did I not predict that? Whether or not this is an official recession or a de facto recession, is unimportant. They're functionally the same. And according to Warren Buffett we're still in the Recession, under a different measure. "Buffett said he defines a recession differently from the NBER, saying it ends when real per capita gross domestic product returns to its pre-downturn level."
You claimed to have superior knowledge of economics and failed economics 101
Based on what exactly? I said 'this' recession. That was my mistake. You claimed that the recession was caused by terrorists. What I said was the dress equivalent of having an untied shoe, what you said was the dress equivalent of forgetting to put on pants.
What we are presenting experiencing is the effects of a recession and not a recession.
Definition of Recession: The textbook definition of a recession is when GDP growth is negative for two consecutive quarters or more. http://useconomy.about.
Current GDP for 2011 forth quarter is estimated at 2.8% and third quarter 2011 was 1.8%. In fact the last recession we had is in 2nd Quarter of 2009.
Proof that Bohemian talks out his butt (useconomy.about.com)