as. You said....." The recession began in March 2001 and was partially caused by the Bush-Cheney phony energy crisis. "......
Wrong again as. Not right very often are you? That's what you get for being left you are never right. :-)
Column: Oil Prices and Recession
by
Dale Allen Pfeiffer, FTW Contributing Editor for Energy
....." OIL PEAKED IN 2000
I won't claim oil was solely responsible for the recession. Among other major factors were the overvalued tech market, consumer debt, and the manipulation of currency values. However, it was the surge in oil prices from 2000 to early-2001 that originally plunged the world into recession.
Full article.>>>
fromthewilderness.com
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Economists Say Recession Started in 2000
By Nell Henderson
Washington Post Staff Writer
Thursday, January 22, 2004; 1:34 PM
...." "Presidents don't have so much to do, in my opinion, with when recessions start," Zarnowitz said. "Clearly the boom happened under Clinton, and the boom generates the bust. And no administration has the power to change that." ,.....
Full article. >>>
washingtonpost.com
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Recession 2000
By Eric Janszen
The average recession in the U.S. over the past 50 years is 18 months long. In the scheme of things, no big deal. But the recession we think will be traced to Q2 2000 is likely to be longer than the average and accelerated by several factors. This is no normal market crash. It represents the collapse of a very large asset bubble.
The bubble took over where the bull market ended in 1996, meaning it's been developing for over four years. The market would have likely become a brief bear and the economy mildly recessionary if not for the largesse of the Fed since 1996. That means the markets are due to fall below 1996 levels, with intermittent rallies that may last for weeks or months, before the markets begin to recover in earnest.
Full aeticle >>>
itulip.com
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Could it be recession?
November 22, 2000: 8:51 a.m. ET
The 'R' word is dreaded on Wall Street, but some signs are pointing that way
By Staff Writer M. Corey Goldman
money.cnn.com |
