Best columns: Recession blahs, Mileage malaise

Are we in a recession? Who cares, says Paul La Monica in CNNMoney.com. Those frequent-flier miles you’ve earned on your credit card “aren’t worth nearly what they were a few years ago,” says Jeffrey Str

Ditch the ‘R’ word

Are we in a recession? Who cares, says Paul La Monica in CNNMoney.com. “I don’t know about you, but I’m tired of the recession debate.” The economy is clearly “in the middle of a very rough patch,” and whether or not we’re technically in a recession seems beside the point. It seems much more productive to try to “determine where the economy is headed next.” And the signs going forward are rosier than many think. Oil has pulled back since July, the dollar is strengthening, demand for exports is up, housing could be stabilizing, and many non-bank U.S. corporations “still have incredibly strong balance sheets.” That looks like a “normal cyclical slowdown,” not signs of “impending doom.”

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