According to MSNBC, many economists are saying

the recession is “over.” Even Bernanke cautiously stated that it was “very likely” over. But what

does “over” mean?

I assume this means economic expansion, rather than continued

retraction….which doesn’t mean much. Economists like Paul Krugman have said that recessions

caused by financial crises lead to long-lasting damage…the recovery from which may not let the

economy “break even” after cyclical swings. Analogically, it is like surviving a shark attack where

one of your limbs was bitten off. The doctors may declare that you are starting to “recover,” but

that doesn’t mean your getting your leg back…sorry dude.