Read the Bills Act Coalition

Tuesday, March 4, 2008

They say we're in a recession, so I guess we're recessing

From the Financial Times:

"The US is in recession by 'any common sense definition' of the word, the country's most successful investor said on Monday. Warren Buffett told CNBC that while the US might not have met the formal tests of recession, 'most people's situation - certainly their net worth - has been heading south for a while now'. Meanwhile, Alan Greenspan, the former Federal Reserve chairman, told the Financial Times that 'the rate of growth in economic activity is effectively zero'."

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