Friday, July 18, 2008

Signs of a Recession

To be clear, we aren't technically in a recession (2 quarters in a row with negative GDP) but you can't mistake the pessimism in the market. Here is an example, a title from a Yahoo! Finance article:

Citigroup posts $2.5B loss, but beats expectations

http://biz.yahoo.com/ap/080718/earns_citigroup.html

1 comment:

Jim said...

OK, this blog entry made me laugh out loud, and I even seen it coming - haha.