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U.S. recession could be worse than recent downturns

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posted on Feb, 5 2008 @ 07:34 PM
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U.S. recession could be worse than recent downturns


www.reuters.com

WASHINGTON (Reuters) - The chances of the United States avoiding a recession appear to be growing dimmer by the day, and any contraction in the economy will likely last longer and be more severe than other downturns in the past 20 years.
(visit the link for the full news article)


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www.reuters.com




posted on Feb, 5 2008 @ 07:34 PM
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Finally, the media is starting to present the true colors of our economy. I thought this article was very interesting, especially, since the Congressional Budget Office made a statement January 23rd that they did not expect an economic slowdown. HEEELLLLOOOOO! I guess they're going to be surprised.

If the economic stimulus plan actually reaches the masses, I'm curious to know how the members of this forum would spend their $600 or $1,200, respectively. Or would you save it?

Just curious

www.reuters.com
(visit the link for the full news article)



 
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