Bust Going Boom :: By INVESTOR'S BUSINESS DAILY
We keep looking for the much-anticipated recession, but it doesn't seem to have gotten here yet. Could it be that many of those expecting a downturn were wrong, and the economy's not going into the tank?
Going out on a limb to predict what the economy will do is a tricky business. It's possible, though by no means likely, that the economy briefly lapsed into recession late last year or early this year, based on weak GDP data, falling home sales, rising oil prices and a jump in unemployment. We won't know for sure until months — maybe years — after it ends.
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