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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (5953)	1/23/2004 1:04:29 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

yes, double dip recession is the rule, not the exception with all the monetary and fiscal stimulus, it has been delayed all this consumer spending does NADA to build a recovery IT spending is on the rise, curiously but it will not prevent the recession though because it is supporting and solidying outsourced jobs I stick with my main point in the last article govt reflation efforts are raising costs nationwide and thus accelerating the outsourced jobs movement yes, agreed, Roach got the double dip wrong in 2003 it will be pushed back to late 2004 or all thru 2005 nobody is perfect, but I do find Roach to be by far the best of the best among US economists his powers of diagnosis and analysis are unsurpassed he offers little in a remedy though, EVER that is his biggest failing, not incorrect forecast elements / jim