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I'd reserve my judgement on whether or not we're in recession until the next administration comes in and opens up books. I wouldn't trust ANY financial numbers
by nickb 18y ago
I'd reserve my judgement on whether or not we're in recession until the next administration comes in and opens up books. I wouldn't trust ANY financial numbers that are coming out of this administration. All this reckless running of the printing presses has probably increased the inflation so much that all the GDP has been wiped out. Until you see M3 money supply, don't trust anything Bernanke says.
Personally, I think we've been in a recession for half a year at least. Just look at spending patterns... they're all down.