What do you think about this recession news? (employment, politicians, leader)

[beckycat]

“It’s Going to Get a Lot Worse”: ECRI’s Achuthan Says New Recession Unavoidable | Daily Ticker - Yahoo! Finance

[plwhit]

I think I'll pass on the Economic Cycle Research Institute's assessment of the current economic situation.

[jimhcom]

When assessing any news today you have to consider the motivation of the people supplying it.
The major media is corporate owned and only wants to print positive news, because corporations have a vested interest in keeping the people spending money.
Precious metals and survival food dealers will print articles telling you to prepare for Armageddon so they can sell you what they sell.
It takes a lot of personal research to come to a reasonable conclusion about how bad things really are.
The article you provide uses only ERCI as an economic indicator.
There are many economic indicators including copper prices, shipping indexes, trucking indexes, rail indexes, consumer credit, employment participation rate, stock markets, etc.
Government published economic indicators need to be taken with a grain of salt as they are constructed by bureaucrats, who work for politicians, who have a vested interest in always trying to make everything appear to be better than it actually is.

My personal research leads me to the conclusion that we are in for rough times going forward.
The deleveraging of too much debt must continue until debt is at a reasonable level. Transferring it from the private sector to the public sector simply creates crises in government budgets, and limits government’s ability to react to crisis.
We find this governmental budget crisis worldwide now in the US, Europe, and Asia.
It is not economic crisis that worries me though, it is the fact that historically, world wide economic crisis almost always leads to war.

[california-jewel]

I don't think any educated person needs the news to let us know what we ourselves already know and are prepared for. We have been in a recession, take a good long hard look around, no news needed to tell us what we already know. And yes many of us know that we are in for some tough times ahead, with the recession not going to be over any time soon, no matter the great picture that is painted.

[High_Plains_Retired]

Economies that mean something to the average American are local. Some local economies have been in recession, and even depression, for years. A recession would be welcomed in some paces in America.

I think that most Americans are resolved that things will get worse before they get better, if in fact they ever do. Governments (Federal, State and local) will continue to send out their cheerleaders but most Americans know that their wallets are slowly getting thinner and they know things are getting worse.