• Reuters
The U.S. economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed.
One thing we know is these estimates are always wildly optimistic. When Christmas shoppers buy even less than last year, what will happen. A LOT of businesses are going to shut their doors after Christmas...better spend that gift card quick. That means unemployment.
1 Comments in Response to U.S. in recession, jobless to peak at 7.5 percent
One thing we know is these estimates are always wildly optimistic. When Christmas shoppers buy even less than last year, what will happen. A LOT of businesses are going to shut their doors after Christmas...better spend that gift card quick. That means unemployment.