Are We In Store for a New Recession?

I’ve seen lots of headlines asking just that question and it’s kind of perplexed me.  When did the old recession end?  Yes, I know, under current definitions, the recession technically ends whenever there’s the slightest bit of economic growth.  But tell that to all the people out of jobs.  The real unemployment rate is still in the double digits, and the inflation rate using Volker-era calculations is still around 10%.  (Sorry – the current inflation measure, which counts housing and not food nor gas, is useless from a consumer perspective).

About Mystic Cowgirl

I worked overseas in the aid game for longer than I'd like to admit and learned several important things: 1) Third World countries aren't poor because America is rich. They're impoverished due to socialist governments that provide neither rule of law nor basic infrastructures; 2) These socialist governments redistribute wealth from taxpayers to the government workers. There's no benefit to the poor or downtrodden, and certainly not to the general welfare in terms of infrastructure improvements. 3) America is moving toward the Third World model. Rule of law has been subverted because equality under the law is disappearing as special interests carve out exemptions to regulations and special favors under the law. The redistribution of wealth to government began decades ago -- total compensation for government employees now outpaces salaries in the private sector.
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