I think there will be on because of high real inflation, grown foreclosures, mortgages not being sold at any price onthe secondary markets, rising consumer debt, rising govenrmental debt, 2 trillion in ARM’s set to reset, numerous major cities in this country have started to lose value in the home market, record low savings rates, boomers are starting to pull their money out off the markets. I see the markets as getting very stormy. And as a case in point the almost frantic calls to lower rate, inflation be hanged, to keep it propped up for a while longer. As I see it a recession is coming, the only questions is how long, deep, and bad.
How are you measuring inflation?
grown foreclosures,
How high are foreclosures?
mortgages not being sold at any price on the secondary markets
Why would that cause a recession?
rising consumer debt,
Rising compared to what?
rising govenrmental debt
The deficit is shrinking.
2 trillion in ARM’s set to reset
Causes a recession how?
numerous major cities in this country have started to lose value in the home market
Causes a recession how?
record low savings rates,
Corporations have record cash levels.
boomers are starting to pull their money out off the markets.
If that's true, I doubt it is, causes a recession how?
I see the markets as getting very stormy.
Stormy markets cause recessions? Is that why we had a depression in 1987? In 1989? In 1994? In 1998?
And as a case in point the almost frantic calls to lower rate, inflation be hanged, to keep it propped up for a while longer.
How does a lower Fed Funds rate stop Ma & Pa Kettle from defaulting on their no doc, subprime mortgage?
As I see it a recession is coming, the only questions is how long, deep, and bad.
If we have no recession by 4Q 2008, will you shut up and take ex-Texan with you?