Recovery or Recession:The Ongoing Debate

The economic situation seems to be improving, but many Americans think differently.  Is the U.S. recovering or headed for another recession?


What’s the Latest Development?

According to a poll conducted by the Washington Post, 79 percent of participants believe the United States is still in a recession. Lakshman Achuthan, co-Founder of the Economic Cycle Research Institute, indicates the U.S. economy is shrinking based on three data points: declining consumption, factory output is slumping and consumers remain gloomy. On the other hand, the economy looks to be in recovery because of the healing housing sector, lower gas prices and salaries are increasing. However, these positives the economy is experiencing is not enough to convince many that the economic situation will turn around anytime soon. 


What’s the Big Idea?

The U.S. economy has been recovering since 2009or so they saybut many Americans still believe the recession is still in existence and is not getting any better. “Many see a rising risk of recession striking within 12 months, particularly with the “fiscal cliff” of tax hikes and spending cuts set to take effect on Jan. 1, 2013. Federal Reserve Chairman Ben Bernanke says unless Congress acts to avoid the cliff, a “shallow recession” could result.” 

Related Articles

How schizophrenia is linked to common personality type

Both schizophrenics and people with a common personality type share similar brain patterns.

(shutterstock)
Mind & Brain
  • A new study shows that people with a common personality type share brain activity with patients diagnosed with schizophrenia.
  • The study gives insight into how the brain activity associated with mental illnesses relates to brain activity in healthy individuals.
  • This finding not only improves our understanding of how the brain works but may one day be applied to treatments.
Keep reading Show less

Human skeletal stem cells isolated in breakthrough discovery

It's a development that could one day lead to much better treatments for osteoporosis, joint damage, and bone fractures.

Image: Nissim Benvenisty
Surprising Science
  • Scientists have isolated skeletal stem cells in adult and fetal bones for the first time.
  • These cells could one day help treat damaged bone and cartilage.
  • The team was able to grow skeletal stem cells from cells found within liposuctioned fat.
Keep reading Show less

How exercise helps your gut bacteria

Gut bacteria play an important role in how you feel and think and how well your body fights off disease. New research shows that exercise can give your gut bacteria a boost.

National Institutes of Health
Surprising Science
  • Two studies from the University of Illinois show that gut bacteria can be changed by exercise alone.
  • Our understanding of how gut bacteria impacts our overall health is an emerging field, and this research sheds light on the many different ways exercise affects your body.
  • Exercising to improve your gut bacteria will prevent diseases and encourage brain health.
Keep reading Show less