Breaking news! It’s official! According to an Associated Press article published today on Boston.com, we’re in a recession. In fact, we’ve been in a recession all year (insert sarcasm)! This may be news to the White House, who apparently still won’t use the term “recession”, but it’s not really “news” to most of us. At least we’re calling it a recession now. Admitting that there is a problem is the first step to recovery.
On a more positive note, interest rates have fallen below 6%, and according to Federal Reserve Chairman Ben Bernanke in today’s BusinessWeek, further interest-rate cuts are "certainly feasible".
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