It’s verified, we’re in a recession.
Remember what I said last time?
Some people smarter and more qualified than I - agree:
There has been a lot of hand-wringing about whether or not the U.S. economy is currently in a recession. This morning’s data will, I think, lead to a near-unanimous view that the U.S. economy is in a recession. Not only was employment growth in February negative, but the B.L.S. also tells us that the previous two months were worse than originally thought. Over the past three months, non-farm payrolls fell at an annualized rate of about 0.1 percent.
This is a natural flow of rhythm in the world market, however. I’m thankful I’ve got a good job at a good company. Bush is trying to stave it off. He’s all ready cut taxes, and then came up with this - so he’s appealed to “Big Business” and also “to the common man” - essentially Keynesian economics and not in the same year, of course, being his last year in office he knows he should do everything he can instead of leaving the office in a wreck. Who knows what the next candidate will do?
posted in economics, politics, work, zen | 0 Comments
