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GreenvilleVT

Joined: 08/31/2007 Posts: 11342
Likes: 12088


The recession is over based on data. In fact it appears to have lasted 2


Months. Historically the committee that qualifies recessions has required it lasts 6 months to qualify. Unless they change that qualification the covid 19 shutdown will not qualify as a recession. Certainly there are and will be lagging sectors of the economy and GDP for the first half may be negative, but the fears of a prolonger economic slowdown from Covid has been mitigated by probably the most efficient government response to a slowdown ever. At least some of the lessons from the 2009 recession were well utilized. Leading indicators look very strong.

Posted: 06/08/2020 at 09:29AM



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Current Thread:
  They cooked the books on unemployment -- lchoro 06/08/2020 10:54AM
  Who cooked them? ** -- GreenvilleVT 06/08/2020 10:55AM
  Fed ** -- Stork 06/08/2020 10:57AM
  Ted? ** -- FfxStationHokie 06/08/2020 11:06AM
  Jed? -- Spud 06/08/2020 11:15AM
  "Red", He's a bad man. ** -- AZHokie59 06/08/2020 2:01PM
  LOL. 13% unemployment and the recession is over. -- TJ Hokie 06/08/2020 10:50AM
  Is that you, Larry? ** -- Gadfly 06/08/2020 10:09AM
  I would love to see "less overkill" -- `lag 06/08/2020 1:19PM
  I agree. Lots of shifts ahead. I am told many of the -- GreenvilleVT 06/08/2020 09:52AM
  It would be the first -- Vippie1 06/08/2020 09:43AM
  More than half of the people on unemployment in the US -- GreenvilleVT 06/08/2020 10:38AM
  It won’t be over that for long especially with -- GreenvilleVT 06/08/2020 09:54AM
  I have my doubts on that. -- HokieAl 06/08/2020 09:43AM

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