I listened to the Dave Ramsey’s radio show yesterday. He spoke about the “recession”…. or lack there of… A recession is defined by 2 quarters reversed/negative economic growth. That’s not happening at this time. The “Fed” (Wednesday 01/17/08) has said the current US economic picture is SLOW growth - (around 1.5% as opposed to the 3+% that we’ve enjoyed over the last few years). SLOW growth is not a “recession.” It’s just SLOW economic growth. That’s all. But, the media/politicians want us to believe different… so they can ride in on their “white horse” and help us through this “recession.” Oh.. they had the insight to “see it coming” and will guide us through it. Ha!
Funny, Mr. Ramsey mentioned how the Stock Market happens to be down… and he said: “Hey!! It’s time to buy!!”
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