I would like to quickly clarify a phrase I have been using on this blog...
The phrase is "this period of economic weakness."
The reason I use the term is that, as I have explained in this prior post:
http://economicgreenfield.blogspot.com/2009/06/are-we-in-depression.html
that our current economic environment is difficult to classify. Furthermore, it is a very fluid situation that can change quickly.
Therefore, rather than getting "hung-up" on terminology, I seek to simplify matters by just calling our current economic situation "this period of economic weakness." I hope the phrase does not in any way diminish the implied severity of our economic situation.
SPX at 946.01 as this post is written...
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