My city is abandoning temporary tax increases imposed during the recession.

And since the entire record is during an up cycle, probably he could expect that if we have a severe recession there would be an increase in the default rate and require more for him to do.

But even in decent markets, I would think that if the dreaded Recession hits, those peripheral markets are going to get hit the hardest.

In this recession, everyone appears to be a rip off artist.

Just last night I was on a foreclosure auction web site, so the parallel between the days of the Great Depression and our own recent Recession was interesting, but the contrast between the technology involved in selling these was striking!  

So having credentials may mean you are educated, but ask your server at the diner how their law degree and credentials are treating them in this recession.

My feeling is that if they don't let this housing collapse work itself out, (like the stock market is doing now), we are going to be in this recession for a long time.

The recession hit the government sector hard, so this growth, in my mind, is merely restoring to the mean.

The IRR Viewpoint report indicates 93% of US markets are in late expansion phase, followed by hypersupply, followed by recession.  

They were about 1/2 that during the Great Recession.