US RECESSION? Should you save or spend money now?

Economic indicators point to a slowdown for the fifth consecutive month: manufacturing & services slowing, companies cutting jobs accompanied by first time claims for jobless benefits increasing, continuous deterioration of the housing market, stock prices down, etc.
Jean Murray of Small Business Boomers citing Jennifer Heigl’s Daily Blender presents evidence of consumer spending pushing the US economy into recession.
Technically, an economy is in recession if indicators drop for 2 consecutive quarters.

Whether the US is in actual recession or not, consumers feel it is. Consumers, even those with comfortable discretionary disposable incomes, are behaving as if recession has already occured.
Should you …read more