By comparison with past recessions, the current US economy isn't that bad. We're technically not even in a recession, but the general perception is that things are bad and are only getting worse.

The article has some interesting insights to explain this. One obvious one is that the large price increases in gas and food are much more visible on a regular basis than other economic issues.

 

Submitted: Jun 20, 2008    Views: 98    Comments: 1    Likes: 1   


View Article: http://www.washingtonpost.com/wp-dyn/content/story/2008/06/17/ST200...


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MBANewlyMinted

The stats may look good but lots of things are happening to impact people. While unemployment is low, everyone is getting poorer because while prices rise, salaries are staying the same. In past periods, wages at least kept pace with inflation. We're all getting a little poorer versus a few of us getting poorer.

Posted: Jun 20, 2008



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