Why the recession is not gonna be over anytime soon

[Avinash_Tyagi]

Leading indicators indicate that we are near the bottom, laeding indicators are composite indicators which are used to forecast future economic performance, in addition we are seeing that consumer confidence, Manufacturing and retail sales, while still not doing well are off their lows.

Yes that can happen, but you're going to have to show that things are going to get worse, that this is a false bottom, and just saying at the unemployment will rise a few percentage points, doesn't do it, unemployment always rises during a recession, heck it even keeps rising for a few months after a recession is over.

See I don't believe that the underlying issues hae been ignored, I believe that he is overexagerrating what the underlying issues are, see while debt is a concern, the retraction hasn't been severe enough to indicate that things are going to get a lot worse, most people are managing their debt well. Yet people are still spending and investing, their just being more cautious, saving a bit more and looking for better deals, using their credit cards less, and banks are being a bit more wise in how they hand out loans and credit, but we haven't seen the retraction needed to really send the economy into a tailspin.

At this point it'll have to be something big and unexpected, that really shakes the economy at its foundation to really send things plummeting.