10 Signs That the Recession IS Over

Used under a Creative Commons license from Flickr user Ventolin

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.


Most people seem to think we’ve hit rock bottom, but signs of recovery are slamming me every day from all angles of media, pop culture, and word of mouth. Let’s go David Letterman style with a list, starting at the bottom and working our way up.

Top 10 Signs That the Recession Really Is Over

10. Daniel Gross wrote a column titled “The Recession Is Over! (Technically.)” on Slate.

9. The housing market is making a comeback.

8. ‘Cause Bloomberg said so.

7. There has only been one comment on the latest post at StuffUnemployedPeopleLike.

6. Goldman bankers have already returned to their lavish lifestyles.

5. I’m not getting friend requests on LinkedIn about 700 times a day from people I know who are hopelessly out of work. (I hate, hate, hate that useless site! No, I will not be your “LinkedIn” friend!)

4. This week’s New York Times Magazine cover story had nothing to do with economics!

3. Being unemployed is no longer chic. And that “Now I have time to find myself” BS has become terribly cliche.

2. TIME overzealously ran a story 5 months ago called “Six Signs The Recession Is Ending,” meaning they couldn’t think of 10 signs. And now this list speaks for itself.

1. I was invited to a party celebrating the ultimate in douchebaggery: PocketChangeNYC’s Fashion Meets Finance soirees are back on. The objective of these gatherings: To mate the men of finance with the women of fashion. Hand me my barfbag, now! Maybe I don’t want the recession to end so soon after all…

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

We Recommend

Latest