couple of thoughts....

there is an old saying "its a recession when you know (of) someone who has lost their job...its a depression when you lose your job."

recessions are good-they clear out the junk. seriously.

until oklahoma has a relatively high unemployment rate, meaning over 6% or 7%, we as a state should be fine. however on the flipside we seem to rely disproportionately on the boom bust cycle of oil/gas. so as long as we don't retrace the bank failures and oil bust of the 80's, oklahoma should be somewhat shielded.

the problem is, declaring a recession in the USA is a nationwide thing. there will always be states doing well, commodity producers come to mind currently. and there will be states doing terrible, manufacturing behemoths of yore, like Michigan, OH, PA, they are struggling.

Its a technicality to declare a 'nationwide' recession.

however, its probably true that nation wide we are getting close or already in one.

But back to square one, its a good thing in the long run to clear out the dead brush and retool for more productive future resource allocations.

OK is OK!