We were so reliably notified about it on September 30th:
U.S. Economy Tipping into Recession
Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession. And there’s nothing that policy makers can do to head it off.
ECRI’s recession call isn’t based on just one or two leading indexes, but on dozens of specialized leading indexes, including the U.S. Long Leading Index, which was the first to turn down – before the Arab Spring and Japanese earthquake – to be followed by downturns in the Weekly Leading Index and other shorter-leading indexes. In fact, the most reliable forward-looking indicators are now collectively behaving as they did on the cusp of full-blown recessions, not “soft landings.”
Two things: one, some people really want this economy to fail for obvious political reasons. Two, how is a double-dip recession different from a double flat tyre? A recession is a recession; a flat tyre is a flat tyre.
A double-dip recession implies that things were getting better and that started sucking again.
Careful Charles, your UK language is showing. I’m sure a troll will be asking what a tyre is in no time.
what the fuck is a tyre
If your tire goes flat, and you replace it with a spare, which itself pops shortly afterwards, is that the same thing as if your tire simply went flat? In Mudede’s mind, perhaps.
@2 well that didn’t take long.
Charles.
Just a point of order on your “Double-DIp” angst:
A “Double-DIp” is when GDP growth slides back to negative after a quarter or two of positive growth.
The “Recession” started in December 2007 and ended in June 2009. That’s no solace to the unemployed.
In fact, the slow, groaning, labored growth of the economy has continued because of – not despite – the efforts to the Administration and the metastasized cancer of government in our lives. (That wants to federalize rules about classifying pizza sauce as a vegetable in school lunches. Yes, that’s what they’re spending money and time on.)
Obama does not want us to talk about a Recession that has been over for 2.5 years. As long as we keep pushing the blame button, we don’t have to address the real problem.
Let’s be clear about what the Administration wants the narrative to be: A profligate Wall Street did this to us. Not our bloated education system, cumbersome bureaucracy, unsustainable pension liabilities, regulatory overreach, healthcare monoliths – that are the real causes of our downward trajectory of competitiveness.
But, keep blaming the other guys. Statists, creating false demons – enemies of the nation – is the typical way that statists create a bigger state, and then watch their economies devolve. Your dad would know that.
We all need raises.
Large ones.
And Xmas bonuses.
That will keep the Retail-LU-tion in full swing.
@6– “That wants to federalize rules about classifying pizza sauce as a vegetable in school lunches. Yes, that’s what they’re spending money and time on.”
When and under what agency? Reagan’s FDA considered something like this decades ago, and quickly dropped it under public pressure. Are you sure that’s not what you’re thinking of?
Also, pretty sure our “bloated educated system” et al didn’t drive the home lending crisis or credit bubble that were the most immediate and direct causes of the recession.
At least it’s cool to see projection in action.
@6: i looked through your post and was surprised that i didn’t see the words “phil gramm”, “mortgage back securities”, or “credit default swaps”.
Repair the first flat poorly, and the second may very well be a direct result. Just like doing a poor job of repairing a deflated economy can cause a second recession.
Free school lunches are a federal program, which means the feds are within their rights, or actually obligated, to set the standards for them. If you want poor kids to go hungry, thus ensuring they will never learn one damn thing in school, that’s your business. But try, just this once, to not be such a lying idiot by saying that it’s a waste of time for the feds to administer a federal program.
Oh, and by the way, the reason the feds consider pizza a vegetable is because of those corporate interests YOU insist aren’t in any way the cause of this country’s problems.
@Zok
Go eat a dick.
Impossible to argue with a libertarded zombie.
I guess if I wanted to follow the image, I would advise you to find some old-lady-pensioner brains to eat directly from her skull, you subhuman monster.
Tyre? Srsly Charles?
So also: colour, labour, neighbour, jumper for sweater, biscuit for cookie, lorry for truck, bonnet for hood and boot for trunk, spanner for wrench, chips for fries and crisps for chips… Where does it end???
This is like hearing Madonna speak with a British accent… yeesh.
We all need raises and some method to pry capital out of Big Business and the Rich Hoarders’ hands.
Like … Expiring the Bush Tax Giveaways to the job-exporting Rich.
That would work.
@11
Thank you for making the most excellent point about the cancerous intrusion of government in our lives, with this little gem:
“Free School Lunches are a Federal Program”
Now let’s break this down:
“Free” (No – it’s a resource that comes at the expense of others)
“School” (Why does the education system needs to have a redundant nutrition delivery system? When it could be done through another services infrastructure like Food Stamp, Welfare, etc. Completely inefficient.)
“Lunches” (And often breakfasts. Why aren’t we taking steps to remediate parents who won’t feed their kids, in very creative ways.)
“Federal” (Our schools are local. Why do we send money to DC, so they can send it back to us to deliver a local program? I would think the people of Washington state or at a district level would know that pizza sauce is not a vegetable, without a bureaucrat who lives in suburban Virginia telling us.)
“Program” (Meaning, Institution. A job creation program for people who are then inclined to vote for more-of-same, resulting in the economy-sucking sound of drum circles at Occupy.)
I suppose in your circle of nitwits that it’s heretical to suggest reform (check — reform that doesn’t involve taking more money for government) if it disrupts the statist paradigm.
The only reason there are libertarians is that sucessful government programs fed a generation of entitled morons without teaching them why they had it so good.
Oh look! Another bogey man for soft-intellect liberals!
“Libertarians”
What does it say about your personal qualities that you go through life looking to knit together an existence where every simple aspect — like making a sandwich and having it delivered to you school for free — is dependent on the efforts and resources of other people?
What does one do when he runs out of other people to blame?
“Liberal” doesn’t mean compassion for others nearly as much as it is a hedge against your own relative uselessness.
(Lemme guess: Your mom still has a box with all your trophies and certificates of participation)
A double dip recession is pretty serious shit. It means the economy’s normal intrinsic recovery mechanisms failed, and our deliberate policy responses also failed.
A double dip is no sure thing, but it’s looking more and more likely. Residential real estate values are dipping again (locally and nationally). Employment signals are equivocal at best. Europe’s on the brink, municipals are skittish, and Republicans are in position to block any positive policy response.
Go ahead, take your best shot at the messengers with your giant sloggy peashooter.