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

To: jennifersilversun who wrote (29508)5/6/2005 12:30:23 PM
From: CalculatedRisk  Read Replies (1) | Respond to of 116555
 
First, the economy is NOT tanking. It is slowing down (there is plenty of evidence of a "soft patch").

Second, employment trails the economy. We usually see strong hiring right up to the beginning of a recession. So it is not an indicator of the future.

Third, I don't think the economy will "tank" until the speculative bubble in housing breaks. That might be this year, maybe next year. I think sooner rather than later - no one knows!


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