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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: ogi who wrote (57987)3/30/2008 2:16:56 PM
From: loantech  Read Replies (1) of 78424
 
Ogi good post.If we are not in a recession I think we soon will be.I think a recession is defined as a slow down in growth or flat growth or a decline in growth. I may be wrong but as many articles point out housing values are peaking or falling in value. Enough borrowers have drawn out all the equity they can at this point to cause a slow down in some growth by the inability of using their homes as ATM's. Even if values were not falling a much more restrictive lending climate is now in force which will limit home ATM usage.In addition with rising fuel and heating costs and food costs the consumer will have less discretionary $$$ to spend. JMO and often wrong.

Tom
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