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IMF Says the Recession is ON!
The International Monetary Fund said today that they believes that the US will exeprience a recession, defined as at least successive two quarters negative growth, in 2008. Of course, being the ivory tower economic analysts that they are they do not go any further than the technical definition of a recession.
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The People Have Spoken, “The Recession is Here”
Yes, my friends, I know that you have anticipate that I shall indeed ramble on about our current recessionary economic climate yet again at this time and place. One thing that I have found that holds true in our economy is the power of numbers. When enough people buy into an idea, it often either […]
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Whistling Past the Recession Graveyard
A lot of economists these days are reminding me of Kevin Bacon’s character in the classic movie Animal House. In the final segment of that movie, his character, when surrounded by total chaos, screams “All is Well!” at a panicky crowd and gets trampled for his efforts.