Friday, October 24, 2008

27 STATES IN RECESSION, 14 MORE "AT RISK"

In March 2008, only 5 states were in recession (Arizona, California, Florida, Michigan, Nevada). Now, 27 states are in recession and 14 more are at threatened levels. So, despite what the textbook definition of a recession is, the map just answered the "Are We in a Recession?" question for you. On a technical level if I could, I would short the s* out of this map. The question is, how long will it take for the "at risk" states to sink into a full-blown recession?

Don't forget to try the Free Trend Analysis. It's FREE, so give it a shot!
Posted by John C. Lee at 10/24/2008 01:20:00 AM
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1 comment:

Anonymous said...

The US economy is of great threat these days because of the forthcoming election. People mainly focus on how they will choose the right candidate who sometimes, in the end, manipulate the government revenues which threaten the economy.

Is the United States better off today than it was in 1932? That’s the year that Franklin Delano Roosevelt was first elected president, and the country was spiraling into a severe recession. FDR’s “New Deal” economic policies radically restructured the way the U.S. economy worked. Essentially, the government’s role in the economy expanded to a degree America had never seen. In the short term, Roosevelt's policies provided the country with a needed lift, but it can be argued that they caused significant long-term damage. In this Wall Street Journal article, Paul Rubin suggests that while the current state of the U.S. economy is not in the state it was in 1932, many of the same indicating factors are there: stock market in a tailspin, credit markets locking down and a popular Democratic presidential candidate – Barack Obama – is running on a platform that will inject increased government regulations into problem areas like the economy. An Obama presidency, coupled with what could be a 60-seat, filibuster-proof majority in the Senate, would bring the country as close to a pure liberalist agenda as it has ever been. Proponents of a free market economy are concerned that Obama’s governmental “hands-on” policies will not provide the American economy with the long-term direction it needs. Those who support the ideals of capitalism won’t say that we’re better off today than in 1932. They’re likely to tell you that we’re in for more of the same – a “New, New Deal.”

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October 25, 2008 at 6:24 AM

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