Hey, for what its worth: the US isn't in a recession. Most economists think we are going to grow from 3-4%. Productivity is expected to grow 4%. Real wage growth is over 3%. Inflation is nearly zero. Fed rates are expected to remain unchanged for the rest of the year. In fact, even the markets are still up big from their early 90's levels (the Dow is still 2x over its 1990 level and the NASDAQ is 3x). Housing prices are up 12% nationally.
There are still those that think we are headed for a financial depression ala Japan in the 90's or the 1930's US. If you are in that camp, please sell all your assets for cash and move to a cabin in the woods. I bet you can get a great deal on a survivalist cabin from all those Y2Kers that moved out there in 1999. [John Robb's Radio Weblog]