The Recession Is Here
The Recession Is Here
Wednesday, October 1, 2008 In this report I review the recent data to conclude that a recession is here right now. Don’t wait to hear this fact much later on the news…it’s time to start spending and behaving like we are at the beginning of a pretty serious economic decline. The prior economic reading of 3.3% GDP growth (recently revised down to 2.9% growth) will certainly go down in the history books as one of the more grossly errant economic statistics of the decade. Where that statistic claimed the economy was still expanding, in actuality the economy was almost certainly
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