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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: ecrire who wrote (4040)	12/10/2006 10:35:10 PM
From: Fun-da-Mental#1	Read Replies (1) \| Respond to of 50339

That's what they'd like you to believe. I am no conspiracy theorist but I don't take the front page of the news at face value either. Slowdowns are always described as mild at first - they have to say that. Housing and autos are not the only things slowing. Look at the ISM manufacturing index, consumer confidence, and Wal-Mart. If you want to hear my current reading of the tea leaves, I'd say we're now going into an ordinary business-cycle recession of the sort that happens every several years, maybe about as severe as the 1991 recession, starting in the US and affecting the rest of the world to some extent, especially China. So I expect a moderate pullback in stocks lasting about a year, accompanied by rising T-bonds and falling commodity prices. (Including gold. However oil might hold steady. Call me a crazy nut but I think we are close to the world oil production peak already.) Fun-da-Mental