Debateful

http://i.cdn.turner.com/cnn/2008/images/...conomy.pdf

CNN's research poll shows that right now...74% of Americans believe we are in a recession. We probably are but at the same time I wonder how many Americans understand what a recession is.

http://en.wikipedia.org/wiki/Recession

Quote:

In macroeconomics, a recession is a decline in a country's gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year.

Also it's not abnormal for a strong economy to see setbacks after large abnormal gains. This economy is still quite strong and recession does not mean depression. It's a few quarters of pullbacks...most of it related to housing which is just ONE sector of the economy.

labrocca Wrote:

Also it's not abnormal for a strong economy to see setbacks after large abnormal gains. This economy is still quite strong and recession does not mean depression. It's a few quarters of pullbacks...most of it related to housing which is just ONE sector of the economy.

Exactly. Recessions just happen every several years, and they usually last for one or two years. I don't think that the general public really knows that it's the sign of a normal economy, or they think it's something that can be avoided forever.

Absolutly correct, Spirit!
Man, my portfolio soared since after 911.
When all the panic mongers pulled out, I went in.
I'm doing the same thing right now!

I'm not participating in the recession this time around. Dork

Yeah I forsee a lot of buy opportunities as well.

labrocca

Spirit

preserva

Invayne

labrocca