Recession Not Out Of The Question: Economist
MarketWatch chief economist Irwin Kellner has this audio report on the housing starts.
"Most people can't afford to buy; the housing market is due for a slowdown. The bigger threat is lack of economic growth. I wouldn't rule out (a recession)."
7 Comments:
Again, thank the Federal Reserve for the imbalances and the public's willing participation in the debt bubble.....
Don't forget who got us here.
A massive credit-debt bubble that is about to burst....
The correction of the imbalances that should have taken place from 2000-01 are now coming home to roost. This reconciliation is going to make the nasdaq decline look like a 'walk in the park'.
Great news!
Outside of housing, energy, and food sectors, inflation at the wholesale level rose by just 0.1 percent in March.
Er, Uh, but what else is left in the economy when you back out the housing, energy, and food sectors?
No. DEPRESSION not out of the question:Economist. The truth about economist is that they are always eternal optimists.
The CPI has become a joke, a tool to justify Fed's continued inflationary policy.
There is not enough aspirin in the world to treat the fed's headache
and Chairman Greenspan is the world’s foremost monetary drug dealer.
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