Are We in a Recession?(3)

Just ask Mr. Want to be Homeowner, who wants to purchase a house over $417,000.

He needs to be an acrobat to jump over all the hoops his bank or mortgage companies present him.

Another obvious sign is the Falling stock prices.

We are below the 200 day moving average.

This is a line of demarcation.

If we are above one could say the market is healthy and conversely if we are below, the market is sick.

Another example is the ISM Purchasing Managers Index.

Your guess?

It is in the low 50's.Are purchasing managers going on a buying spree? Nope!

Not to bore you, when you last filled up your car with gas; did you have shock once you finished filling up?

How about our favorite grocery store, Prices are also going up.

The additional price of gas has and will affect everything.

There is just so much money in our wallets and so much we can press onto our credit cards.

So how do splurge on ourselves and buy all kinds of cool new things. Do we need to take a step back?

The biggest catalyst of the US economy is the consumer.

So if we tighten up our spending what is the catalyst for the US economy.

This seems to be happening as Consumer confidence is waning.

can listen to the economists who have a very poor track record or we can simply look at the facts.

We are either in a Recession now or the throes of the oncoming onslaught of one.


Andrew Abraham