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Source link: http://archive.mises.org/13765/strange-economic-headlines/

Strange Economic Headlines

September 2, 2010 by

Economy Avoids Recession Relapse as Data Can’t Get Much Worse

{ 12 comments }

Bogart September 2, 2010 at 12:14 pm

They should be telling those recently joining the ranks of unemployed that the recession has avoided a relapse.

Greg September 2, 2010 at 1:42 pm

The second sentence exposes the shortsightedness of most economists.

“The sectors of the economy that traditionally drive it into recession are already so depressed it’s difficult to see them getting a lot worse,”

If you base your predictions on assumptions like tradition, you’ll always be surprised.

Sarah September 2, 2010 at 2:03 pm

Black swan? Has to be photoshopped. And anyway, it looks more gray than black. It could get blacker, but I bet it wouldn’t, even if it existed, just because it’s already such a dark gray, what purpose would that serve?

Augie September 2, 2010 at 4:03 pm

Data Can’t Get Much Worse (but it will) Economy Avoids Recession Relapse (by never lapsing in the first place)

Augie September 4, 2010 at 10:51 am

This recovery is not going to happen – that’s the news we’ve been getting as of late. Amid all this hopeful talk about “avoiding a double-dip”, it turns out that we didn’t avoid a double-dip – we never really managed to claw our way out of the first dip. No matter all the stimulus, no matter all the alphabet-soup liquidity windows over the past 2 years, the inescapable fact is that the economy has been – and is headed – down.
http://www.lewrockwell.com/orig11/lira2.1.1.html

Augie September 5, 2010 at 1:56 am

Note the 46:50 mark.
http://www.lewrockwell.com/blog/lewrw/archives/65008.html
Lovely it was, being in the audience!

J. Murray September 2, 2010 at 4:06 pm

When you think you’ve hit rock bottom, you’re only halfway there.

Ohhh Henry September 2, 2010 at 9:38 pm

“It doesn’t rule out a recession,” Harris said. “It just makes it less likely than otherwise.”

Wile E. Coyote after crashing at 60 mph into a cliff wall on which had been painted a picture of a tunnel entrance:

“I wouldn’t rule it out completely, but it seems very unlikely that I’ll be hit by a train.”

Troy Camplin September 3, 2010 at 2:47 am

So everyone who failed to predict this recession predict there won’t be a double dip, but the only person who did predict it isn’t so sure we can avoid one . . . hmmm

james b. longacre September 3, 2010 at 3:25 am

i guess if you believe govt recession data. the cpi gets slammed here quite a bit as well as other govt info.

geoih September 3, 2010 at 6:14 am

“Economy Avoids Recession Relapse as Data Can’t Get Much Worse”

That’s what the hangman said.

Marcos September 3, 2010 at 7:48 am

I actually thought this was an old april fool’s joke – or newsweek article – when i first read the headline. Look on the bright side, at least Harvard is finally getting it right when Feldstein says it actually can get worse.

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