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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (293199)	7/8/2006 6:35:14 PM
From: tejek	Read Replies (1) \| Respond to of 1583725

re: However, I do pay attention to key economic statistics and they don't suggest a recession is imminent. So if the statistics contradict, I pay attention to them and put my 'irrational' bias asside. What about the yield curve... or for that matter, just rising interest rates? The yield curve inversion has become a less reliable indicator of recession since the early 1990s. I think it inverted twice in the '90s, the second time well before the 2001 recession. Rising interest rates were more of a concern when rate hikes started at 8% and end up at 12%. However, this hike start at 1% I think and looks likely to end here or a quarter of a point higher........around 6. At 6%, industry can still make money. As they say, "Don't fight the Fed". I am not sure what you mean with this statement. BTW I do think the American economy is slowing but we are as much effected by the global economy as the local economy. And the global economy does not look to be slowing.