USA finally admits it is officially in a recession

The National Bureau of Economic Research has finally admitted what the rest of the world has already known for at least 18 months: The U.S.A. economy is in a full blown recession.

The big question on everyones minds is what this “economic downturn” as the press has preferred to refer to it as, is likely to hold in store for the average American.

Historically speaking the shortest postwar recession lasted 6 months and the longest 16 months. So at this moment economists and forecasters are busy trying to pinpoint the “start” of this recession so as to map its length and compare it to historical data.

Assuming the worst, that this recession will be the longest in the postwar era and last 18 or 20 months, and what this means is more job cuts on the horizon, as well as a continued slump in housing, which as we all know seems to affect everything else in modern day life.

There has never been a better time to consider your strategies for dealing with money, finance, your future and of course retirement. Portfolios have been suffering tremendous losses, home values have plummetted erasing equity built up in real estate holdings. Investor confidence has been shaken both domestically in the U.S.A. as well as abroad.

In any case those with sound plans in place recognize this as a time of opportunity. Opportunities abound in business, bargain investments and bargain real estate.

Take advantage of these opportunities and protect your future.

Cheers

Ron