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20 September 2010

Good News, Everybody! Glad that whole recession-thingy is over! I've really been enjoying my substantive wage increases and my house is rising in value. →[More:]

Yes, I know those aren't really the measures of recession.

The group that makes these decisions is called the Business Cycle Dating Committee. I don't understand why the business cycle can't arrange its own hookups, but whatever.

post by: jeoc at: 17:36 | 14 comments

Dammit I can't figure out this Read More thing! What am I doing wrong?

posted by jeoc 20 September | 17:37

fixed it up for you and dropped you an email, jeoc.

posted by gaspode 20 September | 17:50

Oh yes, how I'm glad it's over too. My paycheck goes back to 'normal' on the first of the month, after 12 months of a 6% paycut (aka 'furlough). But they told us on Friday that they'd approved a 5% increase in the amount we contribute every month to the employee pension system, beginning in July. So at least I'll have 9 months of receiving a paycheck that reflects the salary at which I was hired. I guess that's something.

posted by mudpuppie 20 September | 18:15

The group that makes these decisions is called the Business Cycle Dating Committee. I don't understand why the business cycle can't arrange its own hookups, but whatever.

Hee!!

Yeah, I saw this on CNN earlier and I was kinda "...bzuh?" They said it ended in June 2009 - I thought, hmmm, after the stimulus money kicked in - but now they're afraid it's going to be a double-dip recession - huh, after the stimulus money petered down. Kind of artificial, then.

posted by flex 20 September | 18:21

Which country are you talking about? Here in Japan the recession is not yet over at all.

posted by gomichild 20 September | 18:48

It ain't over in the chewie household. :(

posted by chewatadistance 20 September | 19:21

I saw this headline today and practically spat my coffee at the screen. What a bunch of dicks.

posted by serazin 20 September | 21:34

What they meant: "Unless we all start saying it's better no one will start acting like it's better and if no one starts acting like it's better then it'll never get better so everybody start saying it's better and then it'll get better OK? La la la la la la la la I can't hear you, cratering housing market that isn't coming back for a generation la la la la la la..."

posted by BitterOldPunk 20 September | 22:34

I found no reason to believe them the last several times they declared a recession over. Actually, it's just a return to the long-running process of the Rich getting richer and everybody else falling behind after a brief reversal in which even the Rich fell somewhat behind. Still, the Real Estate bubble hasn't fully deflated yet and we essentially have a Dead Economy Walking here. I remain rather proud that I never bought a house, an SUV or an iPhone when I temporarily could afford one.

posted by oneswellfoop 20 September | 23:19

Stop that BitterOldPunk, you're ruining it!!

/me sticks fingers in ears.

(Personally, we didn't have such a bad recession in Aus, and specifically personally Dr SO has a job now, so the pompomhousehold is doing OK. She even brought me home booze and a videogame last night. Whee!)

posted by pompomtom 21 September | 01:56

Fortunately tech seems to be doing pretty well so Ms. O and I are OK for the moment but we never feel very comfortable. You never know when the bottom is going to drop out.

posted by octothorpe 21 September | 09:00

We have 10 furlough days this year, so paychecks will be smaller. Insurance went up a tiny bit but not much.

Next school year, however, is when we go off the cliff. As of now, there will only be 75% of current budget available, due to lagging tax revenue.

posted by danf 21 September | 09:11

There's a Dating Committee? Can they get me some cute dates?

posted by theora55 21 September | 14:41

OK, the recession is when the economy is headed down, the recovery is when it is headed up. Obviously from the bottom it still looks like the bottom, but it is not downhill anymore.

posted by dhartung 21 September | 20:59

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