IT Hire Wire

Yes, we all the talk about the mortgage market, the credit crisis, stock markets, and the economy heading towards a recession (or is it upon us already?!)

Is the media peddling the “Slowdown” as a recession? I thought the real numbers deserved some attention and considering the economic angle, one of the more popular blogs on the subject that I found is The Wall Street Journal blog.

I think the facts are fairly well connected together, it has new views of what a recession is today; it goes ahead to show some key indices (GDP, Unemployment, Manufacturing/Auto sector examples) and combines it with market indicators (Economists/Financial analysts’ estimates) to strengthen the message. At the same time it engages the reader in a debate for and against the subject. The posts at the bottom are a good mix of opinions, criticisms as well as humor that attempt to provide a balance of views. On the down side though, it looks like a deluge of information at first glance and like a critic says: its WSJ’s spin. For me it kept my attention and I am not known for my attention span

So, are we in a Recession?

I tend to agree that it doesn’t add up-yesterday the Fed cut interest rates, the seventh time in the last seven months and widely believed as the last cut (for now anyway). We still don’t see significantly better mortgage rates after all these cuts…Not me anyway! In fact the rates are going up and my take is they are still lending to homebuyers more or less at the same rates while pocketing the difference to fill up their coffers - just in case something goes wrong - that’s growth right there! It’s the same story for those frequent credit card users as well.

As one of the posts says, “Slowdown, yes…Recession, NO.” I definitely think this is the time to believe that the worst may be behind us and to brace ourselves up for the next wave of business opportunity and to beat the competition to the punch. They snooze- they lose!

 

 

 

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