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Showing posts with label CBS Money Wattch. Show all posts
Showing posts with label CBS Money Wattch. Show all posts

Aug 21, 2011

Are We Headed for Another Recession? by Jill Schlesinger

Jill Schlesinger gives us an excellent article,  it is a  must  you cannot allow to miss its reading:


Are We Headed for Another Recession? 

Is this the beginning of another recession? The truth is: It doesn’t matter. No matter what we call it, the economy stinks right now.
I know we haven’t qualified as being in a recession based on the two ways that it’s usually defined: (1) the rule of thumb method, which is two consecutive quarters of contraction in GDP or (2) the official way-the National Bureau of Economic Research (NBER) has not declared that the economy has experienced “a significant decline in activity.”


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