It is a matter of rhetoric re recession or slowdown!

Unconventional economic downturn? President said "there is no recession!" If the word Recession is uttered by the leading political figure,folks would be nervous at the stock market who react and overreact when their noses are twitched. Political necessity of official optimism! We better read between the lines and read the headlines to understand the moods of the people in USA with high costs of energy prices with increasing health care costs plus metro fare increases... to be reflected in other costs in the days to come. "Bernanke signals rate cuts on concern about economy": the headline on page D1 in the Business Section of the Washington Post,Feb. 28, 2008. Inflation is here and we are certainly aware of such issue in Macroeconomics. Such is the common ground between USA and China in this regard. Francis Shieh a.k.a. Xie Shihao on Thursday,Feb.28, 2008.