U.S. still in a recession that may last until 2010

NO DOUBT MAYBE LONGER

I believe that true recovery is not possible until the market finds some kind of fundamental footing based on actual demand and growth. Until then, we are likely to be in a modest liquidity bubble as the governments attempt to jump-start their economies again.

And no, I don't think Australia increasing their interest rate counts as a fundamental footing, although I would love to be wrong on that. In the meantime, I did appreciate the nice intra-day pop.

MAY LAST UNTIL 2010???? What a joke. This economy will not change around until our society as a whole changes the habits they have acquired over the past 15 years that are now part of everyday life. Specifically in how people shop and furthermore, how so many have been "working"for over 20 years. With the advent of shopping channels and the internet, people from teenagers to the elderly. From underwear to jewelry to cars are being sold. Businesses in major malls, strip malls and everywhere that are "Brick and mortar" businesses are closing and millions are out of work as a result. Sales taxes are not being collected nor income taxes claimed causing the states and fed to lose big time to the tune of hundreds of billions in revenue lost. Millions are running small businesses and large businesses out of their homes or industrial areas and operating without licenses or just illegal since they operate and have employees being paid cash and not paying any taxes what so ever and yet may be collecting local taxes and just pocketing them. Yes, that goes on. I have a jewelry store and if not for being a jeweler who is a real one who does repairs and special orders......and repair eye glasses, I would be out of business. Sales are off 75% to 80% and my prices are far lower than any mall store and have higher quality merchandise........but I can't eat it. Still, we are surviving from repairs......you can't get that online or on a shoping channel... I offer one hour service on most repairs. I am 61 and cannot afford to retire and cannot rely on the government to help even with Social Security. Obummer the bastard is working at taking everything away as it is now. I cannot imagine anyone who is self employed and worked for all they have to ever vote Democratic unless they are brainwashed or brain damaged.
The other thing is the term "worker".. I use that in reference to employees who are union members. Our economy will not improve and jobs will continue to be sent over seas as long as the corruption and communist ways prevail in the work place to include government jobs. I hate to use the word worker since they are not. The unions have destroyed this nation by greed and laziness and the result is what is happening as it has for so long. It is a fact that there are two to three people hired to do one persons job in government and other union "shops". A perfect example is to use this story. It is an example of what has happened in our country. Imagine a poultry processing plant......for chickens that are to be sent to China. Okay.. now imagine a new hire comes in to the processing floor. The new "worker" starts and butchers and packages 100 chickens in a day and he expected his production to increase with more experience. The other union "workers" watched in horror. They were processing just 20 chickens a day and then new hire made them look bad. So the union rep went to the new hire and explained how things were done at this union shop...plant. The new hire was advised that he was not to process more than 20 chickens a day as that is what was done there.. So all of you.. Now you have it.. One person could do five times as much work as the rest in the plant and they do not allow it. That is why we lose jobs to overseas. That and since all get the same pay, there is no incentive to work harder. As long as all get paid the same.....which is too much for not working........then it will continue and go down hill. People should be given raises in pay based on merit.......not time on the job.. If they don't produce, fire them and hire people who will work.. Unions protect the worthless who do not work and if you can't figure it out from here or don't understand.....then you belong with Obummer and his trash and are a shame to our nation.

We are still in a recession!, just look around and you'll see the real unemployment rate is about 20%. Banks are falling left and right with no end in sight. Our goverment is doing all it can to prop up the system, but they to are running short of money. The states are in trouble now and the tax base that the Fed and States count on is deminishing rapidly (40% of Americans will not owe income taxes). A double dip recession?, No it's the same recession still going down. The press and Wall Street keep putting a positive spin on the news, because people would panic if they were told the truth. Purchase only what you really need to survive, and build up a survival chest that you and your family can live on during the next few years --or-- STARVE.

We needed "experts" to tell us this? My business and income is also off by 75-80% and I see no end in sight. I cannot site all the reasons why, but it would seem that the middle class has effectively been killed. Until DECENT PAYING JOBS are created in this country and we are protected from imported junk produced by slave wages in other countries, our economy is doomed.

You are right on mandmjlrscvca I too am a small business owner and it makes me sick seeing all the ilegal people working and undercutting my business, I too am way down in sales and unless there is a change anytime soon am going to be closing my doors becasue although there is a loss in sales everything else goes up, Taxes are going up everything but my income. I pay taxes that get wasted on supporting ones who know how to play the system.

"It's not over till the fat lady sings." Unemployment rate is still up.....

People arent really qualified for openings, that do exist.Also unwilling to spend the time and money to, get educated for those openings.Because in the time it takes for training or school. Someone will have already taken the opening.Leaving them with less money than they started out with.And still looking for a job. Granted that it still, "takes money to make money."

Odds of getting a decent return aren't looking to good.Obama & senate need to open up a beautification department.... Paying people to pick up trash and digging ditches and making watersheds.All of the urban development that took place from the 90's up till the market fell out.Has given water nowhere to go.Reason there is massive flooding.When hurricanes make landfall.And when the winter and spring months roll around.

still in a recession? the depression is just getting started.foreclosures are just starting.unemployment is already 17-19% and getting higher,sorry you can't re-inflate this bubble.no amount of spending can fix this.