You guys are American-centric to the point of missing the point: the economy is not in a recession because 40% of the revenue of the SnP 500 comes from overseas. We essentially have two economies: 1) a weak, anemic part that is serving a stressed out American consumer enslaved to an idiotic federal banking system and 2) a vibrant part serving much more solid European, Asian and emerging markets. Let's be honest: the rest of the world is helping us out for once. We saved and rebuilt Europe after WW II and have given aid globally for decades. But, for once, we Americans need to admit that we are the ones who are being helped by much more well-run foreign economies...
Considering the MAGNITUDE of Gummint lies about the inflation rate, we could have been in recession for the last 2 YEARS... How would any mortal know? It's the fox who is guarding the chickens.
Well, HedgeFundTrader2 thinks we will never be in recession! http://www.elitetrader.com/vb/showthread.php?s=&threadid=126044
Well, it's going to be difficult for us to be in an "official" recession. GDP is measured in "prices" which have a HEAVY inflation component... and MUCH heavier than the Gummint admits.... the economy would have to slow waaaayyyy down (fewer goods and service produced) to overcome the inflation impact and give a negative reading.
Why do we need talking heads when we already have you? "WELCOME TO THE RECESSION WELCOME TO THE BEAR MARKET DOW SUB 10,000 SOON!!!!!"
Stronger than expected theme park attendance boosts Disney net income for Q-2 to $1.1 BILLION or .58 cents per share vs .44 cents per share and $919 Million last year. Attendance at theme parks and resorts not too mention "per guest spending" was up strong! No recession at Disney.
Recall your SAT, which one does not fit (and there may be more than one correct answer)? Tirpitz Musashi Blucher Jean Bart
Three were wwii battleships, the other, Blucher (nice pick), a heavy cruiser sunk off oslo 1940. Judges? Partial credit ONLY b/c ship, not a namesake, was the correct answer. Other correct answer: three were sunk in wwii, the other, Jean Bart, was damaged, but not sunk. Re-entered service after wwii.