Originally Posted by bd77

I am better off since Bush has been president thank you. The media plays up the idea that were in a recession for ratings of course. I think the subprime mortgage mess was way over played. Banks have written off about $150 billion in bad loans. Now 150 billion sounds like a lot but it only represents 1% of America's GDP and a little less than 1% of the market capitalization of U.S. stocks.

So in summary I would say not to worry to much. We may have a very mild recession as long as the media and politicians don't make to much of a fuss about it.