It is a confidence issue.
With all the national debt and false accounts coming out of the
carpet, it will take a while for the people to start spending as
most of the money will be used on buying inflated food prices due
to environmental issues.
It is a vicious cycle caused by 1% of the society and affecting
the 95% of the society.
It will take a longer time for the environmental problems to be
fixed.
Meanwhile, there will be lots of jobless people causing lots of
unrest around the world.
2012 will be a challenging year for all.
I do not hold any PhD, just sec 2 final examination result.
But thru the years, my observation are
realistic in nature, because we read the real ground that is
happening, not by the book cover, and certainly not from the 3rd to
the 1st world of sort books.
All I can conclude on a recession is this.
Recession is a time for the rich to capitalise their earning, in
layman term, meaning it time for them to collect and consolidate
all their profit before the next wave of opportunities begins.
It is also a time for the poors who invested or worked all these
years to get poorer thru their lost in job, cut in wages, in
investment cum insurance, high inflation and rise in prices of
goods including essential daily goods that everyone needs like
housing and transportation and rice.
And the recovery period as I noticed happen when the poor are at
it poorest form, hungery and kowtow to anything that can get them
some $$, that is where the rich start to recovery the recession by
exploiting the hunger poors further leading to another booming
period and the cycle goes on and on.
My sense of recession is very simple, being poor, once I
manage get abit richer, recession is near, because the rich
cannot afford too many poor to get rich, otherwise, no one to
exploit on.
If you translate that into TD trades, once I started to get net
profit higher in my day to day driving, they start to increase fuel
prices, rental prices, reduce rebate, or poorer quality of
maintenances with cheap labour and so on. In another words,
recession is a time for them to depress you further down the poorer
order, that is why, sometime, it is called Depression
