Is the Economy is in a Recession?

by Martin Pedding, indecisive economic expert

So the economy is heading toward a recession.  Actually, the economy isn’t in a recession.  But it is.  Even though it isn’t. 

Some say the economy is heading toward a depression.  Now, that is just ludicrous.  Although it is very possible, considering that the economy is heading toward a recession–that being that it isn’t, of course–although it’s entirely impossible in very possible way. 

So, we look to media figures such as myself (Martin Pedding) to tell you what you probably already know–that is, what you don’t know and what is what I need to tell you about the state of economy.  It looks good, but it could be better… but it could be better, although it looks good.

There are some figures that say that consumer confidence has gone down in the past few months.  And it could be true, because while I was shopping the other day, I felt a little overweight.  But I’m not.

Consumer confidence down?  I seriously doubt it.  However, a few months ago it looked like we were probably heading toward a recession… now that it probably is, we see that it wasn’t. 

I don’t want to give a negative perspective.  Because if media figures go around saying that the economy is in a recession, it’s bad for the economy because people could reduce their spending.  However, it is also bad for the economy if people spend money they should probably be saving. 

So here is some advice: 

• Save money.  We could be in a recession.  A little bootstraps conservatism never hurts.
• Patronize the economy by spending.  If we want to help pull ourselves out of a recession, then we need to stimulate the economy… that is, if we were actually in a recession.

So, is the economy in a recession?  It could be.  Is all grass green?  Not unless it’s blue grass.  See, there is a lot of middle ground that people who don’t know about economics don’t see.  I’m not saying that I know everything about economics, but I mean, it took Albert Einstein to figure out the causes of the Great Depression, and I am no Einstein.  I’m more like Ben Stein.  No–I’m not even Ben Stein. 

I don’t even know why I wrote this article.  I’m going to go spread some grass seed.

 

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