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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (8223)	6/23/2004 12:58:44 AM
From: CalculatedRisk	Respond to of 116555

Leamer is a mainstream economist saying exactly what we've been discussing ... "When we see the next downturn in this country, it's highly likely it will be on the consumer side, particularly with homes," Leamer said. "The question is will that weakness be strong enough to cause an official recession?" That is the question I've been asking. I think housing has already peaked and will definitely slow the economy next year. I'm not sure yet if it will take the economy into a recession.