Still Not in a Recession – Yet

Despite the doom and gloom reports from the media, last quarter our economy was still not in a recession.  According to a FOXBusiness article, the GDP grew 0.6 percent which is less than it did last quarter, but it still grew.  Consumer spending rose 1 percent down from 2.3 percent last quarter.  Inflation (prices) grew at 3.5 percent compared to 3.9 percent the previous quarter.

While the numbers show that we were not in a recession in the first quarter, it is likely that we may be in one now.

Also the tax rebates start going out in May.  I’ll have to be sure to get to the mailbox before my wife does for the next couple of weeks.

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