Wednesday, January 23, 2008

Nashville Area May Weather Downturn

From the Tennessean (1/23/08), "David A. Penn, an economics professor at Middle Tennessee State University in Murfreesboro, said the odds are evenly split between a recession and a less severe downturn.... Stagnant job growth alone does not mean a recession. . . . 'When we start to see losses in retailing, wholesaling and transportation jobs, that will be more of an indication of a recession. . . . But we haven't seen that yet.'"