Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: Chispas	7/9/2006 1:35:30 PM
	Read Replies (3) of 116555

The "R" word is starting to make the rounds. It's been five years since the United States sank into a recession, but local stock experts say the economy appears to be heading down that path again. The stock market has struggled in the wake of the Federal Reserve's 17 straight interest-rate increases and, with about $2 trillion in adjustable rate mortgages due to be reset in the next 18 months, Americans are going to be spending less money and piling up more debt. "If the Fed doesn't stop increasing rates, recession is a heartbeat away"...... starbulletin.com

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