After reading about the jobs reports and watching the Fed. Chairman Bernanke at the joint economic committee hearing on Capitol Hill I think that the “R” word will be thrown around more liberally in the weeks and months to come.  And that is a good thing!!! Read more at this article in SF Gate

   What strikes me is that we are so resistant to use the word or other words such as stagnation,  & inflation yet we all feel the effects and live with it daily.   I believe the general consensus is that if we avoid the word then we can control the emotional climate of the American populace - bullsh__- if there is an elefant in the room believe me everyone sees it and senses its presence.

  In real estate we feel the  pressure of building inventories, decreased availability of money and fear filled buyers not to mention the 51,000 people out of work due to the slow down in new construction.  In retail the effects of consumer cut backs in spending and of course the continued cutbacks in manufacturing jobs going off shore.  I say lets call a spade a spade and move on.  We will recover from this and the markets will turn,  but pretending  that we are not in a recession or whatever it is just makes me feel manipulated and placated.