No, really, it pretty much is. May this all be a lesson to you: that it is all about perception.
Apparently, what caused this recession was people simply selling what they had left in inventory--rather than continually re-stocking their shelves. They perceived that sales were lacking, so they wanted to wait until they could safely restock their shelves to meet up with their speculation of lower sales. This led to layoffs, which persuaded even fewer people to buy merchandise (as they did not have jobs to buy it with).
But, the key indicators of the GDP are on the rise, and unemployment will drop soon too. Congratulations people: Recession is over (unless some idiots start saying otherwise :D ).
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If you haven't seen Bill Cosby's skit on "natural child birth" then you should put that somewhere in your "I should c...
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I don't expect much more to ever be posted on this blog, and I'm largely just posting this to share it with some particular friends....
You missed a few key points.... like banks going bankrupt because they were trading foreclosed morgages to each other and overseas to make money! And then, whaddya know, those weren't worth what was being paid for them, and then the government steps in to keep the banks from going bankrupt. That was a pretty big part of this whole deal. After all, who wants to trust their bank and keep their money there when, well.... it's bankrupt?
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