3/31/2005

Economic Growth

In the article "Americans' incomes, spending rise solidly" it talks about how the average income has risen 0.3% in the month of February, while spend went up 0.5% in the same month. It is said that these increase are because of 262,000 jobs that were created in February. This is all really good news for our economy, but on the other hand I have read other blogs and articles that say we are heading into a recession. I don't understand how we can have a growing economy and be heading into a recession. Can someone explain this to me?

1 comment:

Dr. Tufte said...

-1 on Marie's comment for a spelling mistake.

See Salty's prior post - I think he brought up the same article.

Don't believe anyone who says we are going into recession. We may very well be, but that is almost unpredictable. It is true that the economy is doing well, and it is true that we can always go into a recession at any time. Other than that, there isn't much you can say. Jane pretty much hit this nail on the head!