know now is are we getting into another recession now? no. i submitted my forecast to the various polls last week and said no, the economy would grow faster in the second half, things will get better. are there perils? of course. those with money who don t need credit or who have the ability to get credit can really do well in this economy and those without jobs at the bottom, with tough credit, are excused for thinking that things are bad. absolutely. if you don t have a job, it is still a depression outside. or still a recession. we re not growing fast enough to help those people. to create the kinds of skwljobs need, we have to grow even higher. ken rogoff is a former chief economist for the imf, the world s leading expert on economic crises. we have got something going on in the world. is it recession? is it worse? i think it is pretty clear we have never escaped from the previous downturn. we re still living in the aftermath of it. it is slow and rocky. and the