http://www.bob-mcteer-blog.com/re%e2%80%a2ces%e2%80%a2sion/ Bob McTeer's Blog Fri, 04 Jul 2008 18:04:13 +0000 http://wordpress.org/?v=2.3.3 http://www.bob-mcteer-blog.com/re%e2%80%a2ces%e2%80%a2sion/#comment-5749 Matthew Wed, 23 Jan 2008 18:10:18 +0000 http://www.bob-mcteer-blog.com/re%e2%80%a2ces%e2%80%a2sion/#comment-5749 Agree. Terrific article. Agree. Terrific article.

]]> http://www.bob-mcteer-blog.com/re%e2%80%a2ces%e2%80%a2sion/#comment-5694 Bob Reich, Jr. Tue, 22 Jan 2008 18:06:19 +0000 http://www.bob-mcteer-blog.com/re%e2%80%a2ces%e2%80%a2sion/#comment-5694 Wow. Great stuff and spot on as usual. Unfortunately, certain parties in Congress rely on advice from certain economists at universities with bad football teams (but great lacrosse teams) for much of their decision making prowess - or lack thereof. My question to Mr. McTeer is this.... Aren't recessions an inevitable part of the business cycle? It seems that all we've managed to do over the past twenty years is lengthen the cycles of growth and minimize the effects of a recession. But people inevitably do stupid things (like tell people they can buy houses for "no money down" and then are even stupid enough to lend them the money) and at some point the house of cards has to fall until the inevitable rise begins anew..... Wow. Great stuff and spot on as usual. Unfortunately, certain parties in Congress rely on advice from certain economists at universities with bad football teams (but great lacrosse teams) for much of their decision making prowess - or lack thereof. My question to Mr. McTeer is this…. Aren’t recessions an inevitable part of the business cycle? It seems that all we’ve managed to do over the past twenty years is lengthen the cycles of growth and minimize the effects of a recession. But people inevitably do stupid things (like tell people they can buy houses for “no money down” and then are even stupid enough to lend them the money) and at some point the house of cards has to fall until the inevitable rise begins anew…..

]]>