Recessions are normally bought on by the fed/reserve when inflation is out of control so interest rates are used to calm it down .
We are in the balance at present and if the economy does weaken then we will have lower rates quickly as it's not in the Govt or anyone elses interest to have a recession .
We'v survived 9/11 , Asian crisis , Europe recession , stock market pull backs , stock market rises , Yanks recession need I go on ?
