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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (23777)	10/30/2007 4:38:37 PM
From: DuckTapeSunroof	Respond to of 71588

"When the recession caused by the minimum wage increase comes...." Donno about any of that. (You might want to run a Bayesian analysis or something, to see if you can establish any degree of causal relationships about that... personally, I'd venture that the real estate bubble collapse... and the dollar decline / oil increase... and the steady drip-drip-drip of the 'off-budget' billions for the wars each year running annually for a while now likely are much higher probability causal factors, especially in aggregate. Certainly the BUCKS INVOLVED are much greater.) "I have this sinking feeling that about 2009 to 2010 things will start getting really ugly." Well... traditionally the first two years of every President's term are the worst two (out of the four) for the markets. Most folks think it's because Presidents try to get the 'unpleasant' economic heavy-lifting out of the way early --- to give the taxpayers maximum time to forget before the next election. (And, traditionally the third year is the best of the four for the markets... followed by the fourth year. Prez's like to have things are 'spiffed up' right before election time. <GGG>) PS --- we well could be in a recession right now... the official stats proving it won't be in for six to nine months (normal lag time), so there is no way to know yet.