75% Recession

Posted By: Dr. Frugal in Economics on 03/18/2008 at 11:30:22

According to CNN 75% of Americans think we're in a recession. I for one, do not think so. I'd really like to know who they're polling. They're certainly not calling people at work--people who have jobs. They're calling people at home and the likelihood of someone sitting at home not having a job is probably much greater than someone being called at work. If they called me I would happily tell them I spend as much money as I always have (not much) but I think the fears are completely unwarranted. I think the market is just correcting itself after being abused for so long with the credit debacle.

Comments

Posted by Are you kidding? at March 30, 2008, 4:16 pm:

Compare your spending in the past 30-180 days to a year ago. Anything different? Thats called the pullback. Pullback=less spending . All those friends that have been spending their HELOC money on LCD's and new Hummers are bankrupt....the house of cards has fallen. We are in a recession, why fight it ?


Posted by Dr. Frugal at March 31, 2008, 8:29 am:
All I can say is that our company is hiring like mad and I don't know a single person who has lost their job because of the economy. I understanding what you're saying about pullback in consumer spending but I don't think you can use the term "recession" until people start losing jobs with a little more regularity.


Posted by stay at home mom at October 25, 2008, 1:18 pm:
Anybody who thinks that we are not in a recession is crazy. It seems to me that every thing has gone up EXEPT the paychecks. It has been almost 3 years since my husband has gotten a raise, and whenever he asks again for one the answer he always gets is "we can't afford it". Yes, I could get a job, but by time I get done paying for child care and gas, I might just break even.


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