Yes, for large corporations and banks of which directly benefited from the FLOOD of free credit (aka money) and ballooning asset prices provided by the FED, the recession ended. For the rest of us, all we got were higher asset prices and more taxes.
More than 50% of people in this country do not have 1000 bucks to cover an emergency, whether medical (LOL like 1k would do anything here) or a broken water heater, etc. More and more people are living on the edge, while large companies announce stock buybacks and mergers funded with cheap credit printed by the FED paid for with our money and our futures.
On paper, yes. Consumer deleveraging lasted for a long while after the 'end' of the recession though. If people are paying off debt with their money, that doesn't really help grow the economy. Google 'debt deflation'
More than 50% of people in this country do not have 1000 bucks to cover an emergency, whether medical (LOL like 1k would do anything here) or a broken water heater, etc. More and more people are living on the edge, while large companies announce stock buybacks and mergers funded with cheap credit printed by the FED paid for with our money and our futures.
Yeah, glad the recession is over.