tag:blogger.com,1999:blog-1275996914383242610.post2831851935605405248..comments2023-10-31T02:27:18.201-07:00Comments on Her Every Cent Counts - a quarter life crisis, and change: What Recession?her every cent countshttp://www.blogger.com/profile/03559826632110489586noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1275996914383242610.post-31099660820527521282008-04-02T23:46:00.000-07:002008-04-02T23:46:00.000-07:00I wrote a post awhile ago on the definition of a r...I wrote a post awhile ago on the definition of a recession:<BR/><BR/>http://www.uncommon-cents.net/2008/01/23/working-backwards-whats-a-recession/<BR/><BR/>The 4th quarter of 2007 was positive growth; I'm sure the 1st quarter of 2008 will be negative. The question is whether 2nd quarter of 2008 will be positive or negative.<BR/><BR/>With interest rates the way they are, unlike your personal situation, it motivates people to spend -more-: they don't receive much benefit from saving and if they're going to borrow, they'll pay less interest.<BR/>-<BR/><A HREF="http://www.uncommon-cents.net/" REL="nofollow">Ryan S.</A>Ryanhttps://www.blogger.com/profile/17336658967429749129noreply@blogger.comtag:blogger.com,1999:blog-1275996914383242610.post-34586218358325955042008-04-02T14:20:00.000-07:002008-04-02T14:20:00.000-07:00People always assume 'governmenteconomists' know w...People always assume 'government<BR/>economists' know what they are<BR/>talking about....particularly the<BR/>chief one, the chairman of the <BR/>Federal Reserve. 'Taint so, and if<BR/>they DID know, what they say will<BR/>be politically motivated. Mr.<BR/>Bernanke is SO far removed from<BR/>the cares of the middle (and<BR/>lower) class, that I'd venture to<BR/>say he just doesn't know what he's<BR/>talking about....that he wouldn't<BR/>know a recession if it bit him<BR/>on the butt. It's a safe bet he<BR/>doesn't have health care concerns,<BR/>and I can also surmise he doesn't<BR/>know that (for instance)<BR/>spaghetti has doubled in price<BR/>over the last 8 months.....Anonymousnoreply@blogger.com