Psychological Recession

I’m not one to head into a weekend with a downer of a post, but this article from CNNMoney.com is fascinating.  The author is explaining how the US economy is not in a recession.  The twists begin early with this stat: After all, most of the CFOs questioned in a recent poll agree that the U.S. is in a recession; among the general public, 76% said the U.S. was in a recession six months ago, and other polling suggests most people believe things have grown worse since then. I have seen this belief firsthand which always catches me off-guard.  I have even heard people talking of another depression.  I suppose… Read More

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