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recession: United States is Officially in a Recession - Um... Duh... - 12/01/08 02:39 PM
I received the following report from Levine Breaking News - a great news feed that hits a few times each day - that stated the United States is officially in a recession that started a year ago.  This status was delivered today from the National Bureau of Economic Research, a committee of economists that dates business cycles.
According to their report - they found that:
"A peak in economic activity occurred in the U.S. economy in December 2007," the National Bureau of Economic Research said in a statement. "The peak marks the end of the expansion that began in November 2001 … (7 comments)

recession: Will Falling Gasoline Prices Help Stave Off a Recession? - 10/10/08 09:50 AM
Given the stock market's recent performance, it's not surprising that gasoline's falling prices here in Winter Haven, FL and across the US are garnering very little attention. That doesn't make it any less relevant, however.
Since peaking in July, gas prices are off by 20 percent.
Falling gas prices are an important positive for the U.S. economy because less money spent at the pump means that more money is saved per household for everyday items including food and other staples.
In addition, consumer spending makes up two-thirds of the economy. 
Therefore, falling gas prices may lessen the impact of a forecasted recession.  … (0 comments)

 

Kevin Sandridge - Winter Haven Mortgage Broker

Winter Haven, FL

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