Recessions are media driven, self-fulfilling prophecies.
Well almost, the price of gas isn't helping.
Early last year there were loud murmurs of recession by people who were predicting the housing bubble burst. Hand wringers. Unfortunately they were right.
And speaking of "bubbles bursting", remember one of the leading causes of the last recession? The Tech Bubble. Both are examples are examples of the greed which you so often talk about. What has been done in the housing market is criminal and heads should roll.
What I'd like to see is slow, steady and sustainable growth with some kind of oversight for over heated sections of the economy without stifling innovation.
