"A declining housing market means many parts of the economy begin to stall. Already the job loss is spreading from housing and construction industry to manufacturing and financial sectors. A housing collapse means housing-related purchases, such as furniture and appliances, will decline. At the same time, banks are tightening credit."
Post your comments. Are we in a recession or not?
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1 comment:
I don't believe the economy is in recession right now, rather i believe the economy is in inflation. Prices are rising such as gas, consumer products etc. I hope that the next president will do something about this before it drains a hole in many peoples wallets.
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