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Futures Down; No Confidence in the US Economy

Started by Jorge · 3 months ago

Over the past week, Fed governors and other officials involved with the FOMC have stated they have very little confidence that the US can avoid a recession.  The official definition of a recession requires two quarters of negative growth.  If the Fed isn’t certain about the U ... Continue reading »

3 comments

  • I think the question is no question a recession will happen. Now we ask, "How long will it last." I think this could have been avoided by lenders not being allowed to make interest only and option mortgages.
  • Having shows like Flip This House probably didn't help matters. The second folks see some of these professionals turning 100k profits in 2-3 months they figure they can do it themselves. Since it's on TV, it must be as easy as they show, right?
  • im afraid to say that i agree with you jason... recession in the US is something that is just waiting to happen...

    Trents last blog post..1
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