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economic-recession


Oil prices just one of many symptoms driving U.S. into recession

Over the past several months financial "experts" and politicians on all sides have been bickering about whether the U.S. economy is in a recession. Unfortunately for most people, the declaration of yes or no is a meaningless semantic argument. The way a recession is officially "defined" - two consecutive quarters of a shrinking gross domestic product - means that it can only be named after it has already happened. By that time, a lot of damage is already done to regular people. Unfortunately, prognosticating on the economy is a notoriously ... Read more →

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