The recession is over in Europe and things are stabilizing in the U.S., according to the headlines.
Europe forgets recession (Forbes)
Eastern Europe sees hope in Western growth (Wall Street Journal)
Economists say recession may be over (NPR)
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Welcome to Bargain Babe! I’m Mara, and I’m so glad you’re here. I am an obsessive bargain hunter and penny pincher, and I am determined to live a full life without EVER paying full price.
The number of people underemployed and unemployed is growing, and there seems to be negative wage growth, so no, I don’t think the recession is anywhere near over.
Foreclosures will likely continue, nobody wants to sell because housing prices are so low, and nobody wants to buy because they think they’re going even lower.
It’s not Jimmy Carter-style malaise … but it’s malaise nonetheless.
No, we are not done yet. The small construction company I work for has been just squeeking by….every month we teeter on bankruptcy. My pay has been cut, my hours have been cut….my insurance is in jeapordy. Never in my life have I ever been in a situation like this. I don’t imagine we are the only company in this situation. Many more may fail…..soon.
Keep praying it gets better soon!