Are We In A Recession???
Are we in a recession? Technically no, but it doesn’t matter becasue 3/4 of Americans think we are. We still have economic growth, just less. This is normal in a typical business cycle. What is not normal is the banks losing all the money from bad loans. We have more forclosures than normal and home values are decreasing. This means the safest investment is now a bad investment. Overall, I believe will will begin to see negative growth in about three to six months, and we will have a 1-2 year recession. Not great, not as bad as it could be. However, It will take nearly a decade for America to fully recover.
