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Old 05-06-2008, 11:34 PM   #48 (permalink)
markfarmer
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this is no recession

Quote:
Originally Posted by Dr. Zaius View Post
They are not my sources.....just some economists that say there is no recession.

I think they're full of shit.

Recessions are far worse than anything we have seen yet. This is a simple down turn from an over inflated economy. Housing cost rose to incredible heights way out of proportion compared to cost of labor and materials. Credit card debt is at an all time high which points to reckless spending by people driving a false spending record that eventually had to catch up.
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