You make a good point, Hal. Whether or not a recession will spell the end of the U.S. economy doesn’t speak much to the everyday facts of individual financial situations.
I don’t care what you call it. Six houses in my neighborhood are in foreclosure. Three of my neighbors have been laid off. The people in the house next door have walked away and the house is now abandoned. And I live in Fairfax County, Virginia, which is supposed to be one of the wealthiest counties in the US. I’ve been around more than 70 years and have never seen anything like this in my lifetime.
LOL. Sorry. Economic slowdown. Technically, it’s not a recession unless our “economic slowdown” lasts at least two quarters…
But by then I’m sure there’ll be some other word to describe it. Not that I think a recession is a bad thing. It’s part of a natural (and healthy) economic cycle.
We’ve had 10 recessions since WWII. It’s not like the world ends if we go through a period of economic correction.
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You make a good point, Hal. Whether or not a recession will spell the end of the U.S. economy doesn’t speak much to the everyday facts of individual financial situations.
I don’t care what you call it. Six houses in my neighborhood are in foreclosure. Three of my neighbors have been laid off. The people in the house next door have walked away and the house is now abandoned. And I live in Fairfax County, Virginia, which is supposed to be one of the wealthiest counties in the US. I’ve been around more than 70 years and have never seen anything like this in my lifetime.
LOL. Sorry. Economic slowdown. Technically, it’s not a recession unless our “economic slowdown” lasts at least two quarters…
But by then I’m sure there’ll be some other word to describe it. Not that I think a recession is a bad thing. It’s part of a natural (and healthy) economic cycle.
We’ve had 10 recessions since WWII. It’s not like the world ends if we go through a period of economic correction.
Miranda, we are NOT in a recession. Jeez, don’t you watch the news?