At some point enough time will have elapsed from the most recent recession to the next recession that it won't qualify as a DDR, simply the business cycle.
I wonder if the unemployed and Wal-Mart shoppers agree. Perhaps technically it won't be a recession but it certainly might feel like a recession that never ended (and as Ronald Reagan would say, a depression for some). The two articles that caught my interest today:
- The increase in first-time jobless claims surprise analysts
- Wal-Mart is noticing that its customers are "running out of money more quickly"
Meanwhile, the Fed admits inflation is coming, and the numbers out today confirm it. Core inflation this month is 1.5% compared to 0.4% last month. Gold just a hit a new record (April 28, 2011) and silver is flirting with an all-time record, nearing $50.
Simple rule of thumb: If a pundit says something is out of the question, it's probably more likely than not.
ReplyDeleteThank you for your support and taking the time to comment.
ReplyDeleteI remain bullish about the economy, but I am concerned that the gap between the have's and the have not's is getting wider.
A lot of Wal-Mart customers will empty their wallets to pay for gasoline on the way to the store.
I don't invest in Wal-Mart, and I have no hidden agenda with regard to Wal-Mart, I am just thinking of folks who (barely) survive on cash from month-to-month. (In fact, a lot of these low-income folks in the inner cities don't even have the "luxury" of a nearby Wal-Mart, but I digress and that's a whole different story.)
I apologize for digressing. Again, thank you for taking time to comment.