EconomicsUSA: Recession: Over, proclaims self-aggrandizing CEO

Screaming headline on Yahoo! Finance's TechTicker where, on video, Barry Ritholtz, CEO of Fusion IQ claims potvaliantly "The Great Recession is Over...." despite ongoing "weak employment, weak housing and the continuation" of chronic recession ("what he describes as a mild recession"). Note, "a" in the term "a mild recession." It seems to me that this not a single recession but a series of multiple recessions which will continue to back up on one another but which individually are incapble of peaking and self-resolving in the manner outlined by neo-classical market theory (perhaps a chronic unresolvability due to over-interference of socialist initatives of govt). Note, even Ritzholtz is saying continuation of mild recession will be continued to be accompanied by heavy unemploment, no homes for woud-be buyers.

-- EconoMix