US economy officially on brink of recession

US economy officially on brink of recession

business.timesonline.co.uk

Expectations that the world’s biggest economy is probably already in the grip of a new recession and fears that this will proved long and deep rose after official figures showed that it contracted at an annual rate of 0.3 per cent in the past quarter.

(visit the link for the full news article)

Just how long and deep will this recession be and what will it mean for the average American family. With the gap between the haves and haves nots as wide as the Grand Canyon will this mean more jobs lost, more foreclosures and more people joining the food queues.

Just how much more pain can the poor and working classes of America take and unlike the depression of the 30's will they ever recover from it.

business.timesonline.co.uk
(visit the link for the full news article)

Why is no one picking up on this, there is so much tripe flying around yet the real issues go unnoticed why?

reply to post by magicmushroom


This issue has been beat to death and back again!

Thats why....

Sorry dude...

Tomorrow's announcement: "Henry Ford unveils 'assembly line'"

This announcement comes a little late...

TheRedneck

Hmm, correct me if I am wrong, but didn't the economy already hit the recession mark?