Economic Recession

Today while browsing through the ABC news site I came across several different stories regarding our economy. Usually we get one or two at the most that reflect how badly the economy is doing, however today there were up to four different stories.

While one story stress that the Housing Industry is in a deeper slump than what was reported, proving that we are already in a Recession, another story was quoting on some economists who are only now ready to believe that we may be headed for a recession by the autumn of this year. Yet in still a third story Lowe's is reporting that there has been a tremendous lost in sales due to the Housing Industry slump. And then there is the fourth story. A top CEO of Sprint, the telecommunications and telephone company, is announcing that the company has to cut 4,0000 jobs.

Yes, there are still those who refuse to admit that we are in a recession. But what puzzles me, is that this discussion of whether we are in a recession has been going on for quite a few years already.