Do you believe we are in a recession?

Question

Why or why not?

Answer 1

No, it would be alot worse if we were in a recession

Answer 2

We have been in a recession for a few years, we could possibly be heading for a depression in the next couple of years.

Answer 3

I think so. If you wre to ask people, they will say the country has been on the decline for a long time...from jobs being shipped overseas, to massive layoffs and downsizing, to high student loans, high health insurance costs and people being priced out of many housing markets to people losing their homes. There is the credit crunch...more people than ever are late on car payments....credit card late payments are up...many homes lost...many unemployed..don't forget the unemployed that get dropped off the rolls who have run out of UE benefits and still can't find a job...inflation is high, energy  high, oil has been high except for the drop in the last few days...many american companies are being bought by foreign people...the dollar is dropping...many issues.. and we have not seen the end of it just yet.

Answer 4

Yep...we are in a service oriented economy and produce very little.  We recycle money without creating wealth, and it sucks.  I'm a home dealer