said by sturmvogel:said by Matt:but aside from the financial industry and the car industry (that has always teetered on the brink of failure), the majority of other industries are doing just fine. This is further proof of that.
Historically, this recession is no worse than ones we've experienced throughout history. Although it is creeping toward being one of the longest recessionary periods we've had, it's nowhere near being one of the deepest.
Yes, since the financial industry not being too important, the fact that is just one that is not doing too well is not of concern. Hey, don't let a heart attack stop you, it is just one organ and all the others are doing fine separately. That leg twitching there looks really healthy and those teeth are blindingly white and shiny scattered all over the floor when we fell due to that small heart attack.
Yes, this recession is not worse than others. Maybe as it gets worse, we will hear is not at bad as the 1929 one, then as we pass that level, hey we are cool, we survived the 1929 one, so it is not that bad...
I still remember idiotic articles wondering in 2008 if we were really in a recession while most people were struggling.
Does disconnection from reality and short sightedness mean anything in your world ?
Maybe you're the idiot for not understanding that you can't know you are in a recession until you have already been in one for a minimum of 6 months. Maybe those articles aren't so idiotic for wondering something that was IMPOSSIBLE to know at the time.