Comments on: Dude, Where’s My Recession? http://www.thewisdomjournal.com/Blog/dude-wheres-my-recession/ Wise Choices. Improved Finances. A Better Life. Sat, 20 Mar 2010 11:40:08 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: Ron http://www.thewisdomjournal.com/Blog/dude-wheres-my-recession/comment-page-1/#comment-1784 Ron Thu, 08 May 2008 00:42:53 +0000 http://www.thewisdomjournal.com/Blog/?p=145#comment-1784 <a href="#comment-1782" rel="nofollow">#</a>FFB→ That's a great point on increasing prices! Like I've said in some other posts (and on some other blogs): the problem isn't the high cost of living, it's the cost of living high. We're so used to driving Hummers, pulling $50,000 boats, and eating at Ruth's Chris that when we have to drive an Escape Hybrid, pulling an aluminum jon boat with a 20 hp motor and eat at the Western Sizzlin' we think we're in a recession. #FFB→

That’s a great point on increasing prices!
Like I’ve said in some other posts (and on some other blogs): the problem isn’t the high cost of living, it’s the cost of living high. We’re so used to driving Hummers, pulling $50,000 boats, and eating at Ruth’s Chris that when we have to drive an Escape Hybrid, pulling an aluminum jon boat with a 20 hp motor and eat at the Western Sizzlin’ we think we’re in a recession.

]]> By: FFB http://www.thewisdomjournal.com/Blog/dude-wheres-my-recession/comment-page-1/#comment-1782 FFB Wed, 07 May 2008 18:58:26 +0000 http://www.thewisdomjournal.com/Blog/?p=145#comment-1782 Increasing prices is actually a sign of a booming economy. I don't think recession is the problem - the problem is an economic oil shock and poor housing loan management. Increasing prices is actually a sign of a booming economy. I don’t think recession is the problem – the problem is an economic oil shock and poor housing loan management.

]]> By: Joe @ SimpleDebtFreeFinance http://www.thewisdomjournal.com/Blog/dude-wheres-my-recession/comment-page-1/#comment-1751 Joe @ SimpleDebtFreeFinance Mon, 05 May 2008 16:31:55 +0000 http://www.thewisdomjournal.com/Blog/?p=145#comment-1751 I couldn't agree more with the comments and the spirit of this post! In fact, I've been <a href="http://simpledebtfreefinance.com/category/economy/" rel="nofollow">ranting about it</a> (maybe a bit too much) myself of late, I dunno... but the knee jerk reaction and lack of critical thinking involved in so much "analysis" of the current state of the economy drives me crazy. Yeah, gas prices are ridiculous, and the cost of living in general is rising but: A) It's not an excessive amount in historical terms, B) It makes the current economic climate painful, but not a recession. I couldn’t agree more with the comments and the spirit of this post!

In fact, I’ve been ranting about it (maybe a bit too much) myself of late, I dunno… but the knee jerk reaction and lack of critical thinking involved in so much “analysis” of the current state of the economy drives me crazy.

Yeah, gas prices are ridiculous, and the cost of living in general is rising but: A) It’s not an excessive amount in historical terms, B) It makes the current economic climate painful, but not a recession.

]]> By: Ron http://www.thewisdomjournal.com/Blog/dude-wheres-my-recession/comment-page-1/#comment-1729 Ron Fri, 02 May 2008 18:28:56 +0000 http://www.thewisdomjournal.com/Blog/?p=145#comment-1729 <a href="#comment-1728" rel="nofollow">#</a>FFB→ What's funny is to hear the pundits say, "Yes, but...gas prices are too high...yes, but food prices have skyrocketed...yes, but housing is hurting...yes, but we're in the sub-prime mess and the banks are putting the squeeze on borrowers." Paul Harvey even said we're in a recession because 9 out of 10 CFO's said we were. I guess we NOW get to vote on whether we're in one. #FFB→
What’s funny is to hear the pundits say, “Yes, but…gas prices are too high…yes, but food prices have skyrocketed…yes, but housing is hurting…yes, but we’re in the sub-prime mess and the banks are putting the squeeze on borrowers.”

Paul Harvey even said we’re in a recession because 9 out of 10 CFO’s said we were. I guess we NOW get to vote on whether we’re in one.

]]> By: FFB http://www.thewisdomjournal.com/Blog/dude-wheres-my-recession/comment-page-1/#comment-1728 FFB Fri, 02 May 2008 15:49:20 +0000 http://www.thewisdomjournal.com/Blog/?p=145#comment-1728 Interesting how the media wants to spin the economy in a bad light rather than a positive one. Is it that good news doesn't sell? Recessions happen, not that we're in one, and then we come out of them. By the time we actually discover we've been in a recession, if we were in one, we would probably already be recovering from it. Interesting how the media wants to spin the economy in a bad light rather than a positive one. Is it that good news doesn’t sell? Recessions happen, not that we’re in one, and then we come out of them. By the time we actually discover we’ve been in a recession, if we were in one, we would probably already be recovering from it.

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