is the U.S. economy now in a recession or expansion?

Answer 1

Neither. The housing market has weakened and it is possible a recession could occur. But it may not be a nationwide economic slump. It could just be limited to particular regions. In my opinion, I agree with what Greenspan stated in one of his last public appearances as head of the Federal Reserve. The growing gap between the rich and poor in the United States is worrisome. Also he expressed concers over rising inflation. The combination of those two in the long term could possibly lead the U.S. down the path to an all out depression. The chances are slim, but nevertheless, it is possible. The middle and lower classes must start to see tangible gains soon if the nation as a whole prospers. Not just the upper 5%.

Answer 2

Economic indicators show that the U.S. economy is slowly coming out of a long recession that started around 2000 -2001 just after many of the dot com companies failed.....

I think 2004-2005 was the best year to date....