Re: Hiding a Recession
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Seriously though, I think inflation is probably higher than the government reports, but I don't know if we've been in a recession the last 7 years. I don't know too many people having a rough go of it.
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A recession can occur without people having a rough time on the surface for quite a while. If you look at the past few years the savings rate has continued to fall, if the standard of living isn't increasing with the increased spending rates then we are essentially in a recession as we are paying more for the same lifestyle.
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