The debate about whether or not the U.S. is in a recession is now over. And just to drive the point home, on September 29, the stock market suffered its biggest single day decline ever, dropping 770 points and knocking out approximately $1.2 trillion in market value. In the next few days the declines continued. At deadline the Dow was 8,579 down from over 14,000 one year ago. Housing remains rocky and U.S. auto makers have little to be happy about. Manufacturing jobs have declined and some local and state governments have been forced to layoff employees in essential areas such as police and fire to control budget...
The debate about whether or not the U.S. is in a recession is now over. And just to drive the point home, on September 29, the stock market suffered its biggest single day decline ever, dropping 770 points and knocking out approximately $1.2 trillion in market value. In the next few days the declines continued. At deadline the Dow was 8,579 down from over 14,000 one year ago. Housing remains rocky and U.S. auto makers have little to be happy about. Manufacturing jobs have declined and some local and state governments have been forced to layoff employees in essential areas such as police and fire to control budget...

The Economic Report

Posted on November 1, 2008 by Stuart M. Robertson, GG

The debate about whether or not the U.S. is in a recession is now over. And just to drive the point home, on September 29, the stock market suffered its biggest single day decline ever, dropping 770 points and knocking out approximately $1.2 trillion in market value. In the next few days the declines continued. At deadline the Dow was 8,579 down from over 14,000 one year ago. Housing remains rocky and U.S. auto makers have little to be happy about. Manufacturing jobs have declined and some local and state governments have been forced to layoff employees in essential areas such as police and fire to control budget...

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