President Barack Obama Message Board

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Politics : President Barack Obama

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To: tejek who wrote (113319)	5/10/2012 12:44:28 AM
From: John Vosilla	Read Replies (1) of 149317

Huh? We are not anywhere close to a recession right now. What is wrong with you? The confusion is to most it seems we have been in recession for five years with deleveraging ongoing since Obama won the election in the height of the financial crisis making it feel even worse. I doubt we tip into 'official' recession in the USA now given the strength of corporate balance sheets and the steep yield curve.. ECRI seemed to indicate last Fall recession was unavoidable and was happening soon not the second half of 2012. It can also be argued inflation is somewhat understated thus real GDP in this 'slowdown' is overstated putting it close to zero and some of what ECRI has expected on a more global basis has occurred.

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