Free Republic

If you think a U.S. recession is here or imminent, you're in good company. Most Intrade bettors believe this and probably 99% of journalists and all Democratic office seekers do, too. We'll soon see. For now, I still say the 2008 U.S. recession is oversold. Why the widespread recession fear when unemployment is low, interest rates are low and the Fed is on the case? I submit there are four false reasons behind the unnecessarily grim outlook for the economy. All of them get a lot of attention. But they can be safely dismissed.