Recession is here. Tighten those belts and bookmark WalletPop


Put three economists into a room and you'll get five different opinions. For the past six months, the talking heads of finance have been arguing about whether a recession is coming, and whether we can do anything, anything at all, to prevent it.

In the last six months, the headlines have become more and more hysterical. Recession Coming! Recession Coming! OMG What can we do to prevent Recession?! Here's a favorite from today: Three out of five indicators suggest we might already be in recession.

Recession is a normal part of the business cycle. But to hear the bleating of today's headlines, you'd think they were talking about the Black Death.