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Your assesment that the fundamentals of the economy are strong is incorrect.
Fact - Major financial corporations needed to be bailed out, there still not improving
Fact - the major automakers - employing millions are nearing backruptcy
Fact - unemplyment is rising at an insane rate
Fact - The GLOBAL economy is suffering
Fact - the US has ZERO growth opportunites. Are you expecting a tech boom?
Fact - housing prices still need to come down another 15%
Fact - most 401ks and 529 plans are down 40-60%
None of that is from the media. I dont watch the news. So please tell me why consumers should go out and spend? The definition of a recession is outdated and irrevellevant. Facts are facts.
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