It looks like Recession... It sounds like Recession... But is it here YET???

It looks like Recession... It sounds like Recession... But is it here YET???

Despite all the negative news and economical statistics it is still an unclear question about Recession. In many economists specialists it is still in debate if the economy data meets the criteria of Recession or not! It is also very much an interpretation of local economy and financial indicators...

The truth is that economists are still in dilemma of recognizing the facts on hand. How soon is to soon to trigger the gun and call the economy in a Recession mood?... Some are still afraid that by recognizing that we are currently in Recession may trigger panic and more confusion... Whatever it is the economy doesn't look good and it looks like in spite of all efforts to correct the economical situation we are heading in the uncertain future.

An interesting analyze of the current economic situation By Barbara Hagenbaugh, USA TODAY: http://www.usatoday.com/money/economy/2008-03-04-local-differences_N.htm

Looking at the States more affected by the ecomical melt down... California, Nevada, Arizona, Florida... States where the Real Estate market was booming only few years ago and today are the front runner of market melt down.

Read more >>> TARP Readjustment: California, Florida, Nevada, and Arizona on a Financial Economic Island. Those Option ARM Loans Are Your Problem.