Is the U.S. in the midst of a "Recession"?

Question

Recession is defined by Websters as "a period of reduced economic activity"

Answer 1

Yes, but for right now it's not too bad.

Answer 2

It's teetering on the edge of an abyss of a massive depression . .

Answer 3

More important is are the following consideratoins:

-Our country has the largest deficit in history

-Our country has a very large trade deficit

-We used to promote "Made in the U.S.A."  now it's "Global Economy"......

-The dollar has fallen considerable against other currencies and continues to on a downward trend.

-Gasoline is contributing to inflation that is is far greater than the published C.P.I. rates

-Unemployment is on the rise

-Payrolls are no where near keeping up with rising costs of living...

-Social Security and other government programs are underfunded.

-Interest rates on T-Bills, bonds and notes are below inflation rates which could threaten foreign willingness to invest and support our debt which could lead to depression.

-The FDIC doesn't have enough money to cover most banks going under

-Home foreclosures are all to common

-Most college graduates cannot afford a middle class life style that was obtainable in the 90s.

-We have a higher percentage of people in prison that any other developed nation.

-Financial derivatives are understated and a large liability to fiscal health of our banking system as defaults are at record levels.

Answer 4

Okay yes have you seen the gas prices!! that what people have to spend their money on!!

Answer 5

You are kiding right?! Although your president and the pundits would like for you to believe that we are not in a recession rest assured that the rest of America knows different.

Answer 6

"officially", not quite yet

But the Fed's increasing of the money supply must soon be reversed because inflation is out of hand.  That will trigger recession moving quickly into depression.  There's no longer a way out of our economic collapse.  

It should be getting huge attention from the media, but obviously the prez candidates won't address it because they did nothing about it while playing congresspeople.

Answer 7

Technically the FED says no.

Answer 8

to be honest   No  !!     however  your point is very valid.... to say   least , for  a long time , the USA has  been over stressed money Wise , we cant afford our house payments, any longer, we cant afford  the big gar cars, or the glossy  life styles  we once had ,    i would say we going thru a  slow down period , where we have to adjust  our budgets, to suit our life styles.....  the other side if we don't   this big world we live in will  crash around our ears  very quickly ......

   one can only  hope  that it wont , happen  but don't hold your breath, and i wont  hold mine   lol