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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (291917)6/22/2006 1:24:51 PM
From: bentway  Read Replies (3) of 1582695
 
"Over the last six months, the biggest negative contributor to the leading index's drop has been declining housing permits."

It's just the RE bubble deflating. It could very well lead us into a recession, but remember, recessions are a NATURAL part of the economic cycle. We should be expecting a corrective recession after this last, massive RE bubble. Bernacke should not quit fighting inflation from political pressure.

It will be Bush's fault, along with the Repugnicans.
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