How long will the american recession last ?

Question

what type of businesses are best to launch in america right now? how long should i wait to launch a business?

Answer 1

Launch businesses that fill a void in product or service. I would also look a VC since many banks are tightening credit conditions on potential businesses. Tattoo parlors always do well

Answer 2

What American recession? Again, it would appear you've been reading too much New York Times and listening to too much liberal media. There is no recession. A recession is defined as two consecutive quarters of NEGATIVE growth. So for we haven't even one. We haven't even had one month of negative growth. The liberal media would have you believe that anything short of 5% growth is a recession. Over 10,000,000 jobs have been created over the past several years. Unemployment is around 5.5%. Mortgages are around or under 6%. You want to see a recession? Go back to the haclion days of Jimmy Carter and 18% mortgages, 9% unemployment, huge losses in jobs, 13% inflation. Statistics which Barack Obama will certainly surpass with his promise to increase income taxes and taxes on oil companies, and trade wars, increases in unemployment benefits to encourage people to avoid work, etc.