We are all in this together

No great sentiment among our readers that the produce industry will do better or worse than other industries if the U.S. enters a recession. The results of the lightly considered Fresh Talk poll:

How will the produce industry fare if the U.S. slides into a recession?



Better than most sectors of the economy 4 (40%)

About the same as most sectors of the economy 3 (30%)

Worse than most sectors of the economy 3 (30%)


TK: Check out this coverage from Bloomberg about recession risks. From the story:


"Economic activity appears to have decelerated broadly," Bernanke said Wednesday to a congressional Joint Economic Committee hearing, downgrading the assessment of Fed officials when they met on Sept. 16. "Stabilization of our financial system is an essential precondition for economic recovery."
Bernanke's remarks may stoke investors' expectations for the Fed to lower interest rates by year-end to alleviate the impact of the worst financial crisis since the Great Depression. The Fed chief reiterated his call for Congress to pass Treasury Secretary Henry Paulson's plan for a $700 billion rescue fund to remove devalued assets from the banking system.
Recent financial stress "will make lenders still more cautious about extending credit to households and businesses," Bernanke said. "The downside risks to growth thus remain a significant concern."