starcraft on 05 April 2008
| NJ5 said: If there's no recession, why is the federal bank doing sudden interest rate cuts, and why is the government attempting to get people to spend more money by issuing checks to every taxpayer? When I see financial experts saying a recession is very likely (or in some cases, that it's happening already), I see the situation as much worse than you guys are portraying it... |
I was just making a general comment on the lack of specificity portrayed by the term "reccession."
As for the current situation. Whether or not the economy goes into reccession will be touch and go. But yes, it is very serious. Not "dire," but a very strong slowdown for sure.
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