The "R" Word
If you haven't caught it in the media recently, we are headed for the "R" word. Early last fall I started hearing this proclamation about how we are headed for a recession and there is nothing that anyone can do to stop it. The government even went so far as to pass the economic stimulus package to send out billions of dollars to prevent this so called recession from happening. I think it's working (even before they sent out the money).
So here we are, half way through the second quarter in 2008 and we have yet to have the negative numbers necessary to declare a recession. We haven't even had one quarter's worth of decline in the gross national production (it takes two consecutive quarters to declare a recession).
So my question is, why do I keep hearing about this inevitable recession? Anyone??
My guess - it's an election year. Read into that phrase whatever you would like.
My hope - we don't have a self fulfilling prophecy and create a recession by constantly stating that there is going to be one.
Jason Tangen, GRI - real estate broker associate with Edina Realty in St Cloud MN
www.StCloudEdina.com - Search the MLS for real estate in Sartell MN
