Pyramid Comment

This journal takes an alternative view on current affairs and other subjects. The approach is likely to be contentious and is arguably speculative. The content of any article is also a reminder of the status of those affairs at that date. All comments have been disabled. Any and all unsolicited or unauthorised links are absolutely disavowed.

Thursday, June 11, 2009

Recession Completed

Growing Decline

It would appear that the recession is over. Or very nearly so. What this means with all its contemptible cynicism is that growth can now begin in earnest. Interest can begin to be 'earned' by the lenders and the goal of the next recession is underway.

In fact, a recession is never over since debt is the fundamental feature that underpins the financial system.

Keynesian Monetary Theory
Nouriel Roubini

The recession is not over (2012...) and probably never will be.