Top economists see signs of recession

Feb 24, 2008 at 11:55 PM
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WASHINGTON (AP) - Job growth is faltering, consumer confidence plunging. The fallout from the worst housing slump in a quarter-century grows. Wherever you look, the signs are unmistakable that the economy is in trouble.

Because of all the bad news, more and more economists foresee the country falling into a recession, according to the latest survey by the National Association for Business Economics.

The group said in a report being released Monday that 45 percent of the economists on its forecasting panel expect a recession this year. In September, only one in four economists was pessimistic enough to put the chance of a recession at 35 percent or higher.

read on CNN News

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I just read an article in Popular Mechanics that basically says the opposite; America is strong, and top notch goods recognized as such thruout the world. The media wants everyone to believe that the economy is in trouble. Sure, we are paying more for that useless black stuff, and our housing bubble burst. The financial 'crooks' are all crying for the government to bail them out for their lousey misjudgement and foul play, and our government should just leave business to itself, allow them to pay for their wrongs the good old fashioned way. But will we? That remains to be seen.

Hmm I see your point

Maybe it was Warren Buffet who said 'When blood is running in the streets, BUY, BUY, BUY'

Top economists see signs of recession

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