SilverHawk
General Iroh - Dragon of the West
- Reaction score
- 89
No-one knows for a certainty that 2008 will be a year of recession. Gurus are all over the map with their crystal balls, some wishfully calling for a "growth recession," while others see a very rotten time ahead indeed.
But better pay close attention--because a great deal is riding on the recession odds. There's the value of your portfolio, the cost of money, your job, the price of oil, inflation and very likely the identity of the next inhabitant of the White House. The worse the recession, I would say, the better the chances of the Democratic candidate.
According to the Economic Cycle Research Institute, seven out of 10 citizens now believe we are or will soon be in a recession. That could be a powerful sentiment slowing the economy. Certainly the credit crisis reflects that we have been in a serious slowdown for some time now. The leading home price index is at a six-year low, financial services are at a 13-year low, while non-financial services are at a 56-month low, according to figures kept by ECRI.
Read more here.
But better pay close attention--because a great deal is riding on the recession odds. There's the value of your portfolio, the cost of money, your job, the price of oil, inflation and very likely the identity of the next inhabitant of the White House. The worse the recession, I would say, the better the chances of the Democratic candidate.
According to the Economic Cycle Research Institute, seven out of 10 citizens now believe we are or will soon be in a recession. That could be a powerful sentiment slowing the economy. Certainly the credit crisis reflects that we have been in a serious slowdown for some time now. The leading home price index is at a six-year low, financial services are at a 13-year low, while non-financial services are at a 56-month low, according to figures kept by ECRI.
Read more here.
