Tuesday, May 6, 2008

The Coming Recession

As oil prices continued to climb and housing prices continued to slide, Reason assembled a panel of economists and other market watchers to help make sense of the headlines, point some fingers, figure out how we got where we are, and offer advice about how to get out with our wallets intact.

Key quote: "The current U.S. economic outlook is as bleak as it was in 1974 or even 1930. Will the economy wither? Or will it just wilt a little before blossoming in a bath of Fed-supplied liquidity? Nobody knows for sure, but I fear the former." ~ Robert E. Wright

Gloomy and dreary article on the economic status of the nation. Who's to bless (not many) and who's to blame (plenty to go around)?
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2 comments:

  1. SBVORMay 7, 2008 at 10:28 AM

    It is increasingly unlikely that we are currently in a recession:
    ================================
    The Recession of 2008 That Wasn’t?
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  2. Bumpy RoadMay 8, 2008 at 6:14 AM

    Oil and food prices are continuing to climb. GDP growth is anemic at best.
    Even if the current climate cannot technically be called a recession, it would be irresponsible not to prepare for bad times by paying off debt and putting aside money for a rainy day.

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