{"id":294,"date":"2008-03-13T19:44:00","date_gmt":"2008-03-13T19:44:00","guid":{"rendered":"http:\/\/jimgworld.com\/blog1\/2008\/03\/13\/294\/"},"modified":"2015-01-31T15:36:28","modified_gmt":"2015-01-31T20:36:28","slug":"294","status":"publish","type":"post","link":"https:\/\/jimgworld.com\/blog1\/?p=294","title":{"rendered":"Recession Contrarians"},"content":{"rendered":"<p>When you see articles saying that we\u2019re not really going into a recession, it\u2019s a sure sign that we\u2019re already in a recession. Economic denial runs deep amongst the economists and the investing class, as does the desire to get one\u2019s words into print by being a fashionable \u201ccontrarian\u201d.  I&#8217;ve lived through a number of recessions, and you always see such articles just as the recession is getting under way.  Here are three recent examples from some wanna-be contrarians:<\/p>\n<p><a href=\"http:\/\/www.ibdeditorials.com\/IBDArticles.aspx?id=286762134235127\" target=\"_blank\">Recession? Not Yet<\/a><\/p>\n<p><a href=\"http:\/\/www.ftportfolios.com\/Common\/CommentaryContent\/MarketCommentary-931.pdf\" target=\"_blank\">Shrinking Payrolls Mean Sluggish Growth, Not Recession<\/a><\/p>\n<p><a href=\"http:\/\/www.latimes.com\/business\/la-fi-ucla11mar11,0,2796078.story\" target=\"_blank\">UCLA Experts Don\u2019t Buy Recession<\/a><\/p>\n<p>So, welcome to the <span style=\"font-weight:bold;\">Recession of 2008<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you see articles saying that we\u2019re not really going into a recession, it\u2019s a sure sign that we\u2019re already in a recession. Economic denial runs deep amongst the economists and the investing class, as does the desire to get one\u2019s words into print by being a fashionable \u201ccontrarian\u201d. I&#8217;ve lived through a number of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/jimgworld.com\/blog1\/index.php?rest_route=\/wp\/v2\/posts\/294"}],"collection":[{"href":"https:\/\/jimgworld.com\/blog1\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jimgworld.com\/blog1\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jimgworld.com\/blog1\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jimgworld.com\/blog1\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=294"}],"version-history":[{"count":2,"href":"https:\/\/jimgworld.com\/blog1\/index.php?rest_route=\/wp\/v2\/posts\/294\/revisions"}],"predecessor-version":[{"id":5152,"href":"https:\/\/jimgworld.com\/blog1\/index.php?rest_route=\/wp\/v2\/posts\/294\/revisions\/5152"}],"wp:attachment":[{"href":"https:\/\/jimgworld.com\/blog1\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jimgworld.com\/blog1\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jimgworld.com\/blog1\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}