Are We In A Recession?

Such is the measure of double-speak these days that an ordinary word like “recession” is now a matter of debate.

Such is the measure of double-speak these days that an ordinary word like “recession” is now a matter of debate. Most Americans understand “recession” to mean an economic slowdown. It usually entails rising unemployment, increased consumer anxiety and investment uncertainty. When I was being schooled in economic history, it was interesting to observe th…