Is It a Recession Yet?
16th September 2011
“It feels like a recessionary environment. What they call it later on I can’t tell you,” says Bart van Ark, chief economist of the Conference Board, who put the odds of recession at 45%. Since 1988, every time the Conference Board’s estimate of the probability of recession topped 40%, a downturn followed shortly thereafter. “The consumer has never really thought that we got out of the recession,” he adds.
September 16th, 2011 at 10:47
Proof that the consumer is smarter than Congress and our President. Or at least less willing to lie.
September 16th, 2011 at 16:36
If you’re out of a job, it’s a recession regardless of what the pundits and/or economists say.