Home Forums Hunting & Shooting Hunter's Campfire If this is an economic recovery, what will the next recession look like?

The feds have mastered the art of "how to lie with statistics."

Retired here and fortunately not yet dipping into my full potential for income. Still I note a significant decay in my discretionary spending due to ever increasing prices. Obviously things like groceries, rigs, insurance, and medical care don't figure into cost of living increases.

When I was starting college and had no money at all, one could get 20% CD's at any bank. Now I sit on a pile of cash going into the fixed income bracket, and can't do 1.0% at a bank. That compound interest deal is pretty much a myth now.

My kid has not made the best of choices and is struggling at 30 hrs of minimum wage. Were I in his shoes, I think I'd look for some place to homestead.

Can't imagine what the next stimulus packages will look like. Maybe a 2 for 1 sale at the bank?

So you have never invested in the stock market?

I got laid off from 2 companies since obama took over. Now I am looking for another job. No recovery here.

Clearly you did not need a home loan in the days of 20% CD's. A rather selfish view I'd say.

Saw Obama on one of the late night shows this and almost puked, the lies he told about economic recovery, job creation and 5% unemployment. I got laid off in '09 courtesy of BO and never found work in my profession despite an 18 month search. I had to change occupations along with taking a significant pay cut, fortunately the company I worked for was one of the best. Since I had a long range plan in place I was able to retire 2 years early, retirement is the best job I've ever had.

The labor force participation rate is the lowest it's been in the last 40 or so years, that's the real indicator of unemployment.

Yeah, the stock market's doing well but middle class Americans are squeezed beyond belief. We're moving towards a society of haves and have nots. Lots of guys making $200K plus a year with money in the stock market are doing well, but there are a whole lot more guys making $40K a year and struggling badly.

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Try being retired and living with these outrageous prices and not getting peanuts interest on the money saved after a lifetime of hard work. Old people are big time scr****! The Govt. has long time lied about the inflation rate.

Anyone wanting to stimulate the unemployed need only put an end to welfare in all but those cases of extreme cause. Hunger is a powerful motivator.

It's neither a recession or an economic recovery.

It's the result of being a serf in an empire that has gone bust.

When a government is 20 trillion dollars in debt, is borrowing 800 billion to 1.2 trillion dollars a year, and is running enormous trade deficits with virtually the entire planet, it's done.

It will never have an economy robust enough to go into a recession.

It's not even a depression.

It's simply a State that is on it's way to failure.

I did need a loan, but did not earn enough at the time to pay 15 to 17K annually on a 100K borrow. Optioned to rent during that period.