Recession? I say hogwash

You’d be hardpressed to find anything in the media where some financial ‘expert’ isn’t screaming ‘recession.’ I have to question their expertise. I watched Larry King Live last Thursday, in which he had a panel of these financial ‘experts’ (Gerri Willis, CNN Personal Finance Editor, Kim Kiyosaki, Author “Rich Women: A Book on Investing”, Jean Chatzky, Author “Make Money, Not Excuses” ) crying chicken little about the coming recession. Some even argued that we were already in a recession. Let’s take a look at what a recession actually is and why the U.S. isn’t in a recession?