Friday, January 20, 2012

Is the US in a Recession?

I was reading that Gary Shilling says the US is in a recession in the first quarter of 2012. He believes that there is a global recession right now, and that it started in Europe and is heading here.

My thoughts are that there have been lots of folks predicting gloom and doom for the last couple of years. Especially since Europe has been dealing with debt and as the US struggles with sluggish growth.

In the US, we are starting to see better economic numbers. We're now seeing the jobs numbers pick up, too. Meanwhile, inflation indicators remain low and allow the Fed to continue to keep rates low. One of the biggest booms for the US economy going forward is the ability for homeowners to lock in historically low interest rates. Money not sent to the banks in mortgage payments is money in folks' pockets.

posted from Bloggeroid

posted from Bloggeroid

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