"The economy isn’t failing. Has it hit a rough patch? For certain. The subprime mortgage crisis, though it affects about 2 percent of all current mortgages, has put a dent in the housing market. But employment remains strong and inflation remains low. Nationally, the economy has not yet suffered one month of negative growth, much less the two consecutive quarters (six months) that are required before the economy can be said to be in recession..."

Bill Hobbs
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