Is it true?

[Keiko]

http://biz.yahoo.com/cnnm/090406/040...king-budgeting

[mhardy6647]

well, someday, sure...

[apphd]

I hope it is. But my feelings are we are in for a long hard climb back out of this. Don't forget it was economists probably some of the same "experts" that are saying this that 8-9 months ago were saying how grand things were.
While the economy needs to be "fixed" there is much more that needs to be fixed for a true continued prosperity. The following links as some examples.

http://www.polkaudio.com/forums/showthread.php?t=81269

http://www.polkaudio.com/forums/showthread.php?t=81295

With out fixing all of what has been screwed up over the last 40 years, it will be like Groundhog Day (the movie) but of a roller coaster ride, not Punsxutawney Phil.

[mhardy6647]

I actually sort of hope it is a long process; otherwise our cultural behaviors won't change and we'll just pick up where we left off. "Our" in this case is the entire "Western world".

The other sad problem is that a lot of the company failures and concomitant job losses won't actually happen until well after things start picking up again.

[zingo]

I hope that it's true...

[cnh]

That's pretty hard to believe. And I think the 'experts' have pretty much LOST credibility at this point, don't you? Took them a year to figure out 'we' were in a 'recession' when most of us knew that maybe 1 or 2 months after it began?

Just what do Economists ACTUALLY know about the 'real' world and the way it functions? They spend all their time 'modelling economic reality mathematically' while REAL people drive that economy?

cnh