Recession Talk Grows
A Fortune poll revealed that three out of four Americans believe we are either already in a recession now or that we will be in recession sometime this year. With this in the air, following Federal Reserve Chairman Ben Bernanke’s appearance before Congress last week calling for quick action and economic stimulus and the growing concern over the ongoing subprime mortgage debacle as it virally bores its way through the economy, the markets took due note. Friday’s close on the S&P 500 was slightly down again, to 1,325.19, while the Dow was off another 59.91 to 12,099.30, as it threatens…