Who defines Recession

April 16, 2008

 As reported in Bloomberg:

April 16 (Bloomberg) — Economists arguing over whether the U.S. is or isn’t in a recession may now have a new measuring tool: mentions of the word in the New York Times.

The economy shrank the five previous times since 1960 that “recession” appeared this often in the 156-year-old newspaper, investment-research firm Bespoke Investment Group LLC said today.

“Once the media and everybody starts talking about it, it can become a self-fulfilling prophecy,” Bespoke’s Justin Walters said during an interview. “It just adds to the pressure on the economy.”

The Standard & Poor’s 500 Index has retreated 13 percent since reaching a record in October amid concern $245 billion in subprime-related losses at banks worldwide will slow growth. The U.S. is, or will soon be, in a recession, according to the majority of economists surveyed by Bloomberg News from April 2 to April 8.

“The word `recession’ has spiked significantly since the third quarter,” according to Harrison, New York-based Bespoke’s report. “There were spikes in `87 and ’98/’99 that didn’t turn out to be recessions, but the spikes didn’t reach current levels.”

Our Perspective:

I am interested in hearing from you as to what your thoughts are.

Are we in a recession?

Energy, food, medical cost are rising.

Unemployment claims are at record highs.

 The Fed keeps dropping the rate but credit is tight.

Are these signs?

What are you doing to address these issues?

Do you feel powerless?

What if you are a business owner?

Are you taking the steps to position your company?

Our clients are being proactive and asking questions.

They are creating opportunities to provide savings.

Do you have a question?

 

Let us know your thoughts?

 

You may email george@hbsadvantage.com

 

Hutchinson Business Solutions ……Your CFO on the Go.

 

Creating Opportunities Today,…Defining Savings for Tomorrow.

Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company.

One Response to “Who defines Recession”

  1. […] Who defines Recession The economy shrank the five previous times since 1960 that “recession” appeared this often in the 156-year-old newspaper, investment-research firm Bespoke Investment Group LLC said today. “Once the media and everybody starts talking … […]

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