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Recession…or not?

January 23, 2008  |  from Construction Equipment Owner's Blog

Seems we cant turn on the television, read the newspaper, or access just about any internet news site without reading that we could be, might be, or already are in one of the most-dreaded of economic situations, a recession. Never mind that a real recession requires six - six! - full months of economic decline and as of this writing weve had only one, recession is just one of those news stories the other media likes because, like fire, shooting, accident, and illicit affair the word elicits a reaction and draws attention, regardless of whether the information provided is beneficial, or even whether its accurate. I’m not saying we arent in a recession; I’m just saying lets wait until the numbers are in, then call it what it is, recession or not.

Filed: Industry-Outlook