recession

Double-Dip Recession

SolomonSuccess.comThe recent financial news has been abuzz with exhortations over the anticipation of an end to the recent financial calamity. The stock market has already discounted this optimism into its valuation, as current market values represent a multiple of forecasted earnings per share well in excess of historical trends. The conventional wisdom is that the economy will get “back on track” in the next few months and resume its previous trajectory of long term growth. The factor that nobody seems to be considering is the fact that the previous ‘track’ the economy had been traveling down is the express route to collapse that generated this whole financial meltdown in the first place.

Thank God For The Recession

God, recessionUltimately, it seems we should thank God for this bitter medicine we call a recession. Greed and indiscretion on the part of both our country’s leaders and ordinary citizens have led us to the tipping point. Sure, the government is leveraged up to their eyeballs with funny money that isn’t worth the paper it’s printed on. Solution? Print more! But more than a few consumers are highly leveraged as well. Some of the culprits: