Originally Posted by roachboy

ace--i really don't get your perspective on this---it reads like denial pure and simple.

what's happening is the beginning of a restructuring of the contemporary capitalist system as a whole---so i don't think this is exactly a recession either, but for reasons that are quite the opposite of yours. if anything, the floating of the term recession is a palliative, an assimilation of the structural to the transient.

in a sense, this denial is not surprising as it is the economic outlook that informs your positions consistently that's being pulverized.

but it's absurd to argue that what's going on is a routine business cycle.