ripresa (ripresa) wrote,
ripresa
ripresa

Speaking of panic: It is officially Recession time.

http://finance.yahoo.com/banking-budgeting/article/104627/Most-Economists-Say-Recession-Has-Arrived-as-Outlook-Darkens;_ylt=AlLkYpJW_ooAoDhQgKH_9ky7YWsA

"The U.S. has finally slid into recession, according to the majority of economists in the latest Wall Street Journal economic-forecasting survey, a view that was reinforced by new data showing a sharp drop in retail sales last month"

- Retail sales are down
- High gasoline prices and credit crunch
- Payrolls are either growing slowly or shrinking
- Expecting unemployment rate rising

I know on my own part, I've reduced spending somewhat. I'm noticing food prices are increasing.
I'm watching my credit card debt too.


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