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Is the US Economy is in a Recession?

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  Tags: politics   finance   economy   finance   market   united states


Background

With the housing market collapse and increased job losses, there are many who are asking about the state of the economy. Is the United States economy in a recession?
 

Arguments For

Yes, the US is in a recession.

Unemployment rate rises to 26-year high[3]
335,000 U.S. jobs were lost in August 2009.[1]
Housing bubble has burst, 5-year adjustable rate loans from 2005 will be adjusting in 2010.
Rising gold prices indicate uncertainty in equity markets.

Arguments Against

No, the US is not in a recession.

The worst is over.
President Obama's economic stimulus plan is gradually taking effect.
Inflation is under control.
Stock market has been stable or going up.

Sources


 1  335,000 Jobs Were Lost In August
 2  Americans Save More Spend Less - Will It Last?
 3  Unemployment rate rises to a 26-year high Sept 4, 2009 Unknown Author (Yahoo Finance)
 4  Top Tech Letter Says Recovery is Real Sept 10, 2009 MarketWatch.com
 5  Unemployment: Seasonally Adjusted Sept 13, 2009 US Government Bureau of Labor Statistics

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User Comments & Opinion

 
75.0%
25.0%

3 Voted Yes

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Nice!! - myleow 0
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Getting worse - thorie +1
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It's still in a recession. The key figure is job data (unemployment) which recently showed 16%. - thorie (twitter) 0

1 Voted No

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We're out of a recession already. It's all up side from here!

BUY! BUY! BUY! - supercaliforniaroll vote up image vote down image 0
 
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