Are we in a slow motion RECESSION?

Question

SALES plunged 28% for ford, 21% for Toyota and 18 % for Gm.joblessness has accelerated and employers have slashed working hours.also include plummeting home prices.

Answer 1

yes we are.but hey go to your local retail park and guess what ?people are still spending like if is tap water.same people day after day still spending.

Answer 2

It doesn't seem too slow to me.........My family didn't feel the pinch during the last recession, but we are certainly feeling it this time........

Answer 3

No, we are actually in a slow growth period.

We have not met the criteria required to be in a recession, nor have we come close to it.

Most people dont even know what a recession is, muchless what determines one.

Answer 4

yes, because Bush has sold his soul for the army of the specs. The specs have ruin life and everyone has lost hope even in mexico.

Answer 5

If you believe the government then no.  If you believe your eyes then yes.

Take your pick.

Answer 6

Assuming you're in America, your country seems like it might well be in recession. Our economy (Australia) is going like a steam train since it's tied to China, not yours. This isn't necessarily a good thing as our inflation is high, caused by overborrowing/spending and the stupid cost of petrol (far higher than yours - try $7 a gallon). Therefore our interest rates are very high - my mortgage rate is almost 10%, plus we're being caned by high fuel prices. So no fun for anyone these days really ...