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Is it Recession Yet, if not, what is it.


Essential Resources, Boston, Ma. April 11,2008
We here at Essential Resources,, have been preaching for over a year, that the economy was heading for a recession. You know, the word that nobody wanted to roll over their lips. Now, many noted economist declare that we are in a recession, and over 74 per cent of the population believe the same.

The normal indicators weren’t showing true or they were being read incorrectly. But the real estate market and construction which had been the pillars of the economy had shown signs of weakening for months. Hardly anyone was taking that real hard look to spot the coming dilemma.

New indicators and clearer vision is needed in these global times.
“If it helps, our economy will recover but at what cost and whose expense” says Al Smith of


 real estate

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