jackclee lm profile image 80

Do you think we are already in a recession?


Some data seems to indicate we are already in a recession in 2016. What do you think?

 

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tamarawilhite profile image92

Tamara Wilhite (tamarawilhite) says

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13 months ago
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Ken Burgess profile image87

Ken Burgess says

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13 months ago
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  • dashingscorpio profile image

    dashingscorpio 13 months ago

    The feds won't raise interest rates unless inflation rises, personal spending increases dramatically from an overheated economy. Interest rates are raised to encourage saving! As of now people are saving and spending less.

    Higher rates hurt us.

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CJ Kelly (lions44) says

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13 months ago
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  • jackclee lm profile image

    Jack Lee (jackclee lm) 13 months ago

    What about recent indicators that tax revenues are down all around various cities and States...? also, the price of oil is down near $45 per barrel... Remember recession usually shows up months later when they revised the GDP after the fact.


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dashingscorpio profile image88

dashingscorpio says

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13 months ago
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  • jackclee lm profile image

    Jack Lee (jackclee lm) 13 months ago

    You make some good points but you are missing the real story. The economy is broken and the stats do not reflect current reality. The stock market is artificially propped up by a near zero interest rate. The unemployment rate is more like 12% - U6.


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