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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (113319)	5/10/2012 12:44:28 AM
From: John Vosilla	Read Replies (1) \| Respond to of 149317

Huh? We are not anywhere close to a recession right now. What is wrong with you? The confusion is to most it seems we have been in recession for five years with deleveraging ongoing since Obama won the election in the height of the financial crisis making it feel even worse. I doubt we tip into 'official' recession in the USA now given the strength of corporate balance sheets and the steep yield curve.. ECRI seemed to indicate last Fall recession was unavoidable and was happening soon not the second half of 2012. It can also be argued inflation is somewhat understated thus real GDP in this 'slowdown' is overstated putting it close to zero and some of what ECRI has expected on a more global basis has occurred.

To: tejek who wrote (113319)	5/10/2012 9:48:14 AM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

No, you are full of shit. ECRI very publicly said we were headed for a recession and told us the timeline. They said FIRST HALF OF 2012. Even if we go into recession RIGHT NOW, NBER, which is the org that officially declares recessions, won't make the call until 6-9 months AFTER a recession has started. So we won't know whether ECRI correctly called a first half 2012 recession until early 2013. Those are the facts. You are now trying to rewrite history, but I'm not going to let you do that.