SHOOT: It's all very confusing isn't it. South Africans are 'shocked' to find themselves 'suddenly' in a recession. But a 'recovery' is due this year (they say) and yet others say this could be the worst economic situation the world has ever seen, worse than the Great Depression. Seems like there is so much noise (conflicting noise) no one can tune into the actual signal. Which is why blogs like mine exist. As I've said before, we are due for a permanent contraction, which means any talk of recovery is imbecilic. We may see pseudo recoveries and temporary surges, but we won't see conventional economic cycles. We'll see protracted downturns across the board.