Tuesday, October 21, 2008

Recession?


Apparently, a majority of U.S. states are now officially in a recession:

http://abcnews.go.com/Business/Economy/story?id=6075580&page=1

I'm not sure what to make of this--usually, when the mainstream press starts calling a recession, we're in its middle or late stages, not the beginning.

Anyway, the above chart isn't sad or tragic--we've become somewhat desensitized to recession calls. If you want to see something really sad, read up on Mattie Stepanek. Keep the Kleenex nearby before you make the jump:

http://abcnews.go.com/GMA/story?id=6069915&page=1

1 comment:

Alison said...

MA surprises me, re: "expansion".
Can't be that way for much long, with a state deficit is $1.4 billion (reserve spending planned for this year). In an attempt to curb this, layoffs happened last week state wide, including in the not for profit sector, with key services being cut.