Thread: Recession
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Old 10-30-2009, 11:05 AM
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GPSHSLAX GPSHSLAX is offline
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The biggest problem with the recent "economic turn around" is the method by which it was achived. Companies are becoming profitable again through cost cutting, not improved sales. The net effect is that corperate america is climbing out but at the expense of ... you guessed it, all of us.

Of course there is also the issue with economic anaylist seeming to think recesion is some sort of evil voodoo word. We were in a recesion long before they admitted it (about a year and a half when they actually processed the data) and we are far from out of the woods, but they seem to think if they say it's over then everything will be all better. I think we would all be better off if the experts would pull their heads out of the sand.
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Last edited by GPSHSLAX; 10-30-2009 at 11:08 AM.
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