I read an article on CNBC today about if the U.S. is talking itself into a recession or is there really one at all. Experts on all sides are saying we are or will be or they're not sure. I'm not a economic forecaster so I can't say if we are in a recession or not. But I know that sometimes perception is reality.
In the CNBC article is this quote:
"We're over-reacting to the recession word," Dow Chemical Chairman and CEO Andrew Liveris told CNBC. "Lots of people get together and talk to each other and people believe the psychology."
http://www.cnbc.com/id/22842552
With all the confusing and mixed data that's even fooling the economic experts, I believe that we won't know if we are in a recession until we are out of it. And if we aren't in one, we must be knocking on the door. We have to think of a name for the economic state we are in now.
I can think of a few, but I won't go there.
If you have any comments on this article, I would love to hear what you have to say! Feel free to comment below.
Thanks for reading!
Dan Tenchall
Great Lakes Mortgage Funding
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must have articles and much more please visit my website!
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