Is the U.S. in recession or not?
No, we are not.
Ladies and gentlemen, the U.S. needs requries three consecutive quarters of negative growth to be in recession. Despite what you hear via the American media, we are not in a recession.
Japan and Europe are in recession as they have different criteria to claim recession.
I believe Japan requries two quarters of negative growth, where the U.S. requires three consecutive quarters.
We missed a recessionary environment back at the end of Q2 ‘08, where we now have to start over.
Do not listen to the media.
Educate yourselves via the Internet and inform yourselves.
Small business will not survive if we do not do something for ourselves. The information is out there, find it, study it and learn from it.
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The National average price of a gallon of gas is $1.83!!
Let’s go spend some money!!
Let’s be consumers again!!