Breaking News!!!!

Yes, as the months marched on... through 2008... it seemed obvious to everyone except the govt that we were in a recession. Imagine a lady being obviously pregnant... but they hold off diagnosing the pregnancy till months after a child is born! By then it's no longer a pregnancy. Which means that 12 months ago we were in recession... and now... what are we in? A depression? Wait another 12 months.... and maybe they'll tell us.

Sorry Dij, what the economists referred to today is, technically, a "Recession."

But what we've already been experiencing is they would classify as a Rec-ASS-ion.

Likely to be followed by a Deprassion.

I'm worried about a Dijpression. But I Dijgress.

Dijpression happened last week when I got up the nerve to peek at my 401(k) account. But on the bright side, I've got 40 more years to retirement. Yikes, now I'm Dijpressed again. Thanks Donal!

Thanks as always for your economic insights, Quinn. But as you know quite well, Deprassions are nothing compared to Deeprashons. I hope it doesn't come to that.

It's the Deeperations that get me the worst : : :

Dijon't mention it.

Looking at it was your first mistake. I refuse to look at my retirement portfolio. I can't take the blood. LOL!

But I feel ya. My husband gave up his bonus this year so the lower echelon would get bonuses. I love him for it, but that bonus was a big part of his salary.

Things are going to get pinch-y.

It's a Deepak Chopr-ass-ion. We're all our own spiritual advisors now that stock advisor is a dirty useless word, and it just won't be enough. And with all DJ's experience with Tropical Depressions, if she's tossing in the towel on this one, we're all screwed, like passing through the Bermuda Triankle into the Sargasshole Sea.

Ok, points for "Sargasshole."

(Points redeemable at your local Walmart.)(If you dare.)

Kewl hubby

Tonight on marketplace, I heard there is a festive minority that believes that since all their scrimping and saving over the last few years has come to negative naught, that they'll just spend it when they gets it.

Might actually be a better attitude to bring up the economy.

Spend, spend, spend yer way out of Dijprassion.

Why not?

The two-front war combined with insurance speculation created a false growth for several years. In terms of real growth, measured in wealth generation and asset value, we have been receding since late 2000. Now that the mass insurance fraud has made off with trillions of imaginary dollars, the fig leaf is gone and we are all Shocked! that we are naked.

Rachel just went through the quotes from the White House--Bush, communications queen, Republican Congressman...
My personal take as far as learning that we are in a recession a year AFTER the fact is:

We will tell you within 12 months or so whether we have lost a significant portion of the West Coast due to the last earthquake.

We will give you the figures concerning the ninety percent drop in property values within the next two years.

We will promptly, within 9 or 10 months, whether you should boil your water before drinking it.

It's where I get my finest non-union fashion - look for the non-union label.

Amazing, isn't it - that it only took these 3,298 PhDs 12 months to figure out what we salt-of-the-Earth neophytes have known for two full trimesters!

And they say graduate school makes you a wiser, more rounded person!!

After the election this comes out. Only 50 days before Shrub leaves office. Well, you coulda fooled me! I think even the town drunk figured out we were in a resession about 6 months ago. Once again, Dijamo, you're right- it is breaking news .... for Shrub!

Just don't try to launder it. Wearing things more than once is so... petty urban haute bourgeois.

Wait, who says that? Hopefully not anyone who's been to graduate school lately...

Trying to chicken-hole me?

John Stewart did a bit revealing all of the smoke and mirrors about the recession... showing clips of all of the words used to describe how we are not in a recession. I'll have to go look at that again. 'Slow down' was just one of the terms used.

As someone in financial services I highly recommend to those commenting here and afraid to look at their 401K's etc. move it to an indexed annuity and put in on fixed interest for the first year. Peace of mind and no more losses. Much better than ignoring it away.