Tuesday, April 29, 2008

IS THE UNITED STATES IN A RECESSION? IF SO, HOW SEVERE WILL IT BE?

Two-thirds of economists surveyed by USA Today believe the U.S. is in a recession currently and 79% believe the U.S. will enter a recessionary period at some point in 2008. Most of these economists predict a short, shallow recession. On the other hand, Warren Buffett is on record as saying the U.S. is already in a recession and yesterday stated that "the recession will be longer and deeper than most people think."

USA Today - ECONOMISTS SAY U.S. IS IN A RECESSION
USA Today - BUFFETT: ECONOMY IN A RECESSION, WILL BE WORSE THAN FEARED

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