More news on the economic front.
Consumers turned in the weakest spending performance in 17 months in February, while their confidence dropped to the lowest level in 16 years, raising further fears of a recession.
The Commerce Department said Friday that consumer spending edged up by just 0.1 percent last month, the poorest showing since September 2006. And if the effects of inflation are removed, spending was flat in February, the third consecutive month of sluggish activity.
I keep hearing some people saying we are already in a recession, and others saying “not yet”. Who says we are in one, or will be in one? I know we all need to be realists, but shouldn’t we be a bit more optimistic about things?
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