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Strategies & Market Trends : US Economic Trend Analysis
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To: gpowell who wrote (59)9/20/2010 11:25:39 AM
From: gpowell of 97
 
As I mentioned to you several years ago, I don't expect the FED to try to defend the level of real wages and that almost guarantees a fairly deep and long recession soon. Was it you that mentioned a repeat of 90-92? I think it's going to be much worse than that.

Well, the The National Bureau of Economic Research just declared this past recession the longest since World War II.

Also see: Message 24656994

It's likely the US will undergo a recession soon as households adjust to their lowered standard of living.
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