[samadams2000]

LOWER RATES! YOU OVER SHOT AGAIN FED !

[MarkeyD]

Free your inner WillieGreen.

[Paradox]

risk of an outright recession is growing as a retreat in housing threatens household balance sheets.

This is probably factually correct. Just like, if I have two pennies, and lose one, I have lost 50% of my money.

[The South Texan]

Pure BS. When have the so called Economic expert been right as of late? Shouldn't we be filling up our tanks right now with $3 to $4 per gallon gas from $100 per barrel oil? The price of oil is dropping by the dollar daily and the price for a gallon of gas is dropping by the day down here.

[Marius3188]

Dunno, lately there is a trend of the Fed holding over the Economy until a new President is elected and then they dump in his lap.

They did it to Bush, and they will do it to the next President as well.

[Toby06]

I see you love talking down the economy just like a good little democrat. You make willy green look like an optimist, except you don't talk about high speed rail much.

In my area, house prices have not driopped one bit. I wish like hell they would, I'm planniing on buying soon.

I am in the construction industry. We are flat out busy. The State of Connecticut can't get people to bid work because they are all way tooo busy. We can't get enough help because they all have good jobs already. We have to bring in rental equipment from Ohio because there is none available in New England. It's all out working.

We have 80% of next years workload already filled.

Recession, my A$$!

[JamesP81]

We're DOOOOMMMMED!!! BUSH'S FAULT! /moonbat

[cosine]

Yep, the risks of a recession grow every single day the expansion continues.

Even the Clintons couldn't repeal the business cycle.

[Antoninus]

Must be election season...

[Always Right]

Over two years ago HSBC predicted the Housing Bubble would crash then in a Business Week article:

Rather than a sudden wallop, the economic impact would be gradual and grinding. Ian Morris, U.S. economist at HSBC Securities Inc. (HBC ), estimates that housing prices nationally will slide 5% to 10% over the next five years. That could cause economic growth to slow to 2% by the second half of 2005 from 4% now, he predicts in a report called The U.S. Housing Bubble.

I am not buying their latest economic outlook either.

[SaxxonWoods]

It looks like we are entering another time much like the Reagan era "rolling recessions" of the mid-80s. Some regions of the country will expand economically, while others contract.

The coasts look weakest, due to adjustment of real estate values following the recent boom in prices. The South looks pretty good, money is chasing toward the cheaper real estate found is those areas. The Central/West is doing pretty well as a result of fairly valued real estate and the energy boom.

Oil prices will not decline enough to stop the energy expansion, OPEC is already lowering production.

Since most big media is on the coasts, the situation will be painted as dire, even though this is a continuation of a cycle that has been taking place for several decades.

If the prediction of 1.9% growth is correct (which I doubt, 2.5% is more likely), lower interest rates are coming, which will help real estate even more in the Central/West/South.

Sorry to carry on for so long, but it's my business to predict these matters, and I would be out of business by now if I had been wrong too often over the last 25 years. Time will tell, as always, and I only have to be reasonably close to survive, since mid-course adjustments can be made.

[verity]

wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;wolf!;

[Centurion2000]

Investment bank HSBC has revised downward its forecast for 2007 economic growth and cautioned that the risk of an outright recession is growing as a retreat in housing threatens household balance sheets.

So just because the econmetric expectations of the US don't fit HSBC's rosy projected future we'er in danger of a recession? Please ....