It's Stupid's Economy
As the (vastly underestimated) unemployment rate rises, retails sales disappoint, home sales continue to sink, the stock market takes another tumble, and the nation’s top banks and mortgage lenders huddle together against the storm, economists have only one question: are we heading for recession, or are we already there.
The formal recognition of a start of a recession probably wouldn’t come for at least six months if not more than a year, as official judges from the National Bureau of…
