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Recession at the Gates.
- Article from:
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Kiplinger's Personal Finance Magazine
- Article date:
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April 1, 2008
- Author:
- Smith, Anne Kates
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Copyright informationCOPYRIGHT 2008 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: ANNE KATES SMITH
THE DEBATE IS THE SAME, whether at the boardroom table or the kitchen table: Are we headed for a recession? Already in one? And if not, is there anything we can do to avoid one? The answers to the first two questions depend on how successfully policymakers and politicians address the third one. A Federal Reserve Board that remains aggressive about cutting rates may be able to make up for coming late to the game. And if politicians get some spending money into consumers' pockets and companies' coffers quickly enough, a recession that seems a sure thing to the majority of Americans may yet be averted. If not, it may at least be shorter and milder ...