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Old 7th Sep 2008, 12:29
  #28 (permalink)  
Peter Fanelli
 
Join Date: Jul 2006
Location: Up yer nose, again.
Age: 67
Posts: 1,233
Received 15 Likes on 12 Posts
The US is in recession - but nobody is talking about it!
Recession is defined as 2 consecutive quarters of negative growth.
That has not happened in the US. (Recently)
The US has seen growth, slow growth for the last six months or more.
The US economy is very slow but it is not in a recession except in the eyes of CNN and other news media who are interested only in keeping people scared for the purposes of manipulating the election.
I can fully understand how you could have been persuaded during your recent stay that we are in recession but if you just consider that media reporting of economic concerns is on a par with media reporting of aviation matters, then things will become clear.
Come to think of it, is there anything in the media you can believe anymore?

Last edited by Peter Fanelli; 7th Sep 2008 at 18:59.
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