Not A Recession

[snousle]

Remember back in November when I posted an article about how a majority of Americans persistently believe that the economy is in or near recession when it isn't?

Well, Q1 of 2008 was not a recession.

Just thought I'd let you know.

Comments

[furr-a-bruin.livejournal.com]

My understanding is that a lot of the bulk distribution in Europe is rail-based, rather than truck-based as it is here. We certainly have rail here, but how much traffic could be diverted from trucks to rail? Your response seems to assume that such an "adjustment" could be made relatively quickly, and I don't know that we have the capacity.

Likewise - many European cities have effective mass transit systems, relatively few US cities do. I don't think we have the infrastructure to easily adapt to fuel costs that rise too far, too fast - admittedly, I'm not sure how far is too far or how fast is too fast.

The only good thing about high fuel prices is that it's annoying at least some of the people who drive gas-guzzlers for no reason other than "image".