Are we headed for a recession?

The business cycle and how to avoid recessions is one of the major themes of macroeconomics. Recently the Bill Moyers Journal on PBS addressed the issue of whether we are headed for “an American recession”? You can watch the video, read the transcript, and follow the blog regarding this informative program online. You will find out more about business cycles when we cover Chapter 6 in your e-book next week, and this program might serve as a useful supplement if you feel the need for talking heads. I am guessing that the American economy is already in a recession, but I am in the minority among economists. The topic of how economists forecast a recession would make an interesting t Discussion Board Post.

Fall Late Start Extra Credit: When did the last recession in the United States officially start? Explain and cite your source. If you are the Fall late start student to send me an e-mail at kwoodward@saddleback.edu with the answer, you will be rewarded with two extra credit Discussion Board points. Only one blog extra credit question per student can be answered in any given week for Discussion Board extra credit