Are we in a recession? Why do we care? I’m not saying that I don’t care that many people are hurting financially. I’m just wondering why everyone is worried about a label (recession) that they don’t even understand. Ben Stein is talking about his world in this video:
http://money.cnn.com/video/#/video/moneymag/2008/01/21/mom.stein.recession.moneymag
(Please excuse the commercial. I don’t know how to cleanly link to this. Advice is welcome.)
You’re probably not concerned about the same things as Ben… but we all have things in our lives that matter more than whether our GDP will be declining this quarter and next…. To misquote an old Bob Dylan song – Do you need a weatherman to know which way the wind blows?
