Comments on: Is the Recession Over ? (Extended Transition Phase) http://www.ritholtz.com/blog/2009/10/is-the-recession-over-extended-transition-phase/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 23:28:32 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Q3 GDP Slips Further to 2.2% | The Big Picture http://www.ritholtz.com/blog/2009/10/is-the-recession-over-extended-transition-phase/comment-page-1/#comment-243613 Q3 GDP Slips Further to 2.2% | The Big Picture Tue, 22 Dec 2009 14:31:22 +0000 http://www.ritholtz.com/blog/?p=42609#comment-243613 [...] Is the Recession Over ? Extended Transition Phase  (October 29th, 2009) [...] [...] Is the Recession Over ? Extended Transition Phase  (October 29th, 2009) [...]

]]> By: GDP Grew 3.5% During Q3. What Does That Really Mean? | Technology you can trust here... http://www.ritholtz.com/blog/2009/10/is-the-recession-over-extended-transition-phase/comment-page-1/#comment-230675 GDP Grew 3.5% During Q3. What Does That Really Mean? | Technology you can trust here... Fri, 30 Oct 2009 08:20:20 +0000 http://www.ritholtz.com/blog/?p=42609#comment-230675 [...] Barry Ritholz assesses the conclusion that the GDP numbers mean an end to the Great Recession: [...] [...] Barry Ritholz assesses the conclusion that the GDP numbers mean an end to the Great Recession: [...]

]]> By: Market Talk » Blog Archive » Hooray For Growth; So, Where’s My Job? http://www.ritholtz.com/blog/2009/10/is-the-recession-over-extended-transition-phase/comment-page-1/#comment-230536 Market Talk » Blog Archive » Hooray For Growth; So, Where’s My Job? Thu, 29 Oct 2009 19:09:15 +0000 http://www.ritholtz.com/blog/?p=42609#comment-230536 [...] the National Bureau of Economic Research uses to define a recession, FusionIQ CEO Barry Ritholtz writes at The Big [...] [...] the National Bureau of Economic Research uses to define a recession, FusionIQ CEO Barry Ritholtz writes at The Big [...]

]]> By: franklin411 http://www.ritholtz.com/blog/2009/10/is-the-recession-over-extended-transition-phase/comment-page-1/#comment-230518 franklin411 Thu, 29 Oct 2009 18:16:48 +0000 http://www.ritholtz.com/blog/?p=42609#comment-230518 But but but what happened to the right wing economic theory that government spending actually hampers GDP growth because it allegedly crowds out private investment? How can Cash for Clunkers be causing the recovery and at the same time be hampering it? If Cash for Clunkers is producing the recovery we're seeing now, shouldn't we extend and expand this and other programs? How about a massive government hiring program to put people to work doing necessary jobs (preschool, processing GI Bill benefits, etc..)? Milton Friedman drove us from January 1981 to January 2009. Thank God he is nothing but a rotten corpse today. Viva Keynes! But but but what happened to the right wing economic theory that government spending actually hampers GDP growth because it allegedly crowds out private investment? How can Cash for Clunkers be causing the recovery and at the same time be hampering it? If Cash for Clunkers is producing the recovery we’re seeing now, shouldn’t we extend and expand this and other programs? How about a massive government hiring program to put people to work doing necessary jobs (preschool, processing GI Bill benefits, etc..)?

Milton Friedman drove us from January 1981 to January 2009. Thank God he is nothing but a rotten corpse today.

Viva Keynes!

]]> By: GDP Grew 3.5% During Q3. What Does That Really Mean? | Business Pundit http://www.ritholtz.com/blog/2009/10/is-the-recession-over-extended-transition-phase/comment-page-1/#comment-230506 GDP Grew 3.5% During Q3. What Does That Really Mean? | Business Pundit Thu, 29 Oct 2009 17:59:48 +0000 http://www.ritholtz.com/blog/?p=42609#comment-230506 [...] Barry Ritholz assesses the conclusion that the GDP numbers mean an end to the Great Recession: [...] [...] Barry Ritholz assesses the conclusion that the GDP numbers mean an end to the Great Recession: [...]

]]> By: on the GDP… | The League of Ordinary Gentlemen http://www.ritholtz.com/blog/2009/10/is-the-recession-over-extended-transition-phase/comment-page-1/#comment-230493 on the GDP… | The League of Ordinary Gentlemen Thu, 29 Oct 2009 17:27:40 +0000 http://www.ritholtz.com/blog/?p=42609#comment-230493 [...] of this number.  Nor do I think we should declare The Great Recession a thing of the past.  Barry Ritholtz writes: If we look at the 5 factors NBER considers — GDP, real income, employment, industrial [...] [...] of this number.  Nor do I think we should declare The Great Recession a thing of the past.  Barry Ritholtz writes: If we look at the 5 factors NBER considers — GDP, real income, employment, industrial [...]

]]> By: Mike S http://www.ritholtz.com/blog/2009/10/is-the-recession-over-extended-transition-phase/comment-page-1/#comment-230481 Mike S Thu, 29 Oct 2009 15:58:15 +0000 http://www.ritholtz.com/blog/?p=42609#comment-230481 They are not going to call an end to this recession until we have flat employment. At least, they shouldn't. It is BS when we have a growing economy but flat employment. Who in the hell cares about GDP unless we have growing jobs and wages. They are not going to call an end to this recession until we have flat employment. At least, they shouldn’t.

It is BS when we have a growing economy but flat employment. Who in the hell cares about GDP unless we have growing jobs and wages.

]]> By: Big GDP Number: 3.5% | The Big Picture http://www.ritholtz.com/blog/2009/10/is-the-recession-over-extended-transition-phase/comment-page-1/#comment-230476 Big GDP Number: 3.5% | The Big Picture Thu, 29 Oct 2009 15:49:20 +0000 http://www.ritholtz.com/blog/?p=42609#comment-230476 [...] incentivizing, or bailing out various sectors: Autos, Residential RE, and Fed spending. As expected, Inventory reduction helped, and unexpectedly, increasing imports [...] [...] incentivizing, or bailing out various sectors: Autos, Residential RE, and Fed spending. As expected, Inventory reduction helped, and unexpectedly, increasing imports [...]

]]> By: Big GDP Number: 3.5% | The Big Picture http://www.ritholtz.com/blog/2009/10/is-the-recession-over-extended-transition-phase/comment-page-1/#comment-230477 Big GDP Number: 3.5% | The Big Picture Thu, 29 Oct 2009 15:49:20 +0000 http://www.ritholtz.com/blog/?p=42609#comment-230477 [...] incentivizing, or bailing out various sectors: Autos, Residential RE, and Fed spending. As expected, Inventory reduction helped, and unexpectedly, increasing imports [...] [...] incentivizing, or bailing out various sectors: Autos, Residential RE, and Fed spending. As expected, Inventory reduction helped, and unexpectedly, increasing imports [...]

]]> By: ashpelham2 http://www.ritholtz.com/blog/2009/10/is-the-recession-over-extended-transition-phase/comment-page-1/#comment-230468 ashpelham2 Thu, 29 Oct 2009 14:20:43 +0000 http://www.ritholtz.com/blog/?p=42609#comment-230468 It all seems so simple to a common man like myself.....We've been working to cut costs at the top level all the way down to the grocery isle for years. We've reached the point where if we expect to pay less for goods and services, there cannot be meaningful gains in employment. You do not get "less" with "more". I liken it to diet food companies telling you to buy their foods to lose weight. You don't lose weight by eating, and you don't lose costs at the manufacturing/service level by hiring. It all seems so simple to a common man like myself…..We’ve been working to cut costs at the top level all the way down to the grocery isle for years. We’ve reached the point where if we expect to pay less for goods and services, there cannot be meaningful gains in employment. You do not get “less” with “more”. I liken it to diet food companies telling you to buy their foods to lose weight. You don’t lose weight by eating, and you don’t lose costs at the manufacturing/service level by hiring.

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