[justjim]

Are we going into a recession or we just going into a so called slowdown was the original question and point of this Thread. Frankly I don’t have a clue if it’s one or the other. The so called “experts” are just about equally divided on this question. So.....take your pick. What I’m more concerned about is what economists in the past called a real depression. Even with some of the so called “safety nets” we have today, a depression would be something most of us only heard about from our parents or grandparents. Recently I read that 40% of Americans, if they were ask, could not come up with $400 in cash. Millions of Americans live from pay check to pay check and have no savings to fall back on should there be a sudden recession (loss of jobs) or worse a recession that lasts and becomes a real depression. Let’s hope if there is a slowdown that it doesn’t become a recession and the recession lasts long enough to turn into a depression. We Americans have a debt of not millions, not billions but trillions of dollars. Awful thought as we discuss the possibility of slowdown, recession or worse a depression. The deficit is a topic for another Thread but can be problematic if we enter into a serious downturn or recession.