Is america in a recession?

Question

Is america in a recession?

Answer 1

If it is, it started the first of July. Second quarter GDP was up almost 2%.

Answer 2

Yes, definately. My incomes been hit bad for the first time ever. I make money on the internet.

Answer 3

no

Answer 4

a recession is defined as two quarters of DECLINING GDP. So by definition, we are not yet in a recession as far as we know.

Answer 5

depends very much how you view the stats. Its definitly a tough time. But some areas are doing well. Its really all about a shift of emphasis. The good guys are suffering - housing, manufacturing and banking. The bad guys are cashing in and exports may be doing well. Perhaps the answer lies in how it affects you personally.