The Observation Deck

As I've said before on this board and will say again, we are in a recession. For those few skeptics left, CNN.com pronounced the body dead today, it is our economy and she was a good one while she lasted.

sharon kinsella wrote:As I've said before on this board and will say again, we are in a recession. For those few skeptics left, CNN.com pronounced the body dead today, it is our economy and she was a good one while she lasted.

Yep, it's glad they finally admitted it.

I read an interesting article awhile back talking about how normally by the time economists announce a recession, it had already started one to two quarters previous.

So now the only question is how bad will it get and how long will it last?

Now I am not a economical genius or even close, but how bad is this "recession"? From what I can gather from various media sources, everything in our economy was over-inflated in the first place so we are simply normalizing to a level that is true.

http://www.bea.gov/national/index.htm#gdp
(edited)

Ivor Karabatkovic wrote:Cleveland is feeling it. Thankfully Lakewood is ahead when it comes to out of state property owners

Heck, the Cleveland area's been feeling it for a decade now.

Bryan Schwegler wrote:

Ivor Karabatkovic wrote:Cleveland is feeling it. Thankfully Lakewood is ahead when it comes to out of state property owners

Heck, the Cleveland area's been feeling it for a decade now.

a decade!!! How about ever since the Cuyahoga caught on fire