Any of you guys believe the recession has started or will begin? Or are they wrong? What signs besides the "housing market-slow down" prove or does not prove it? I mean things like Oil, Wars, Manufacturing Sector etc. I need some opinions, thanks
2007-02-25 15:05:46 · 8 answers · asked by Mag1527 3 in Social Science ➔ Economics
If it doesn't happen in 2007, it will be predicted for 2008, and if it doesn't happen in 2008, it will predicted for 2009, and on and on and on until they (economic doomsayers) get it right. Then they will tell us how smart they are.
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2007-02-25 15:30:58 · answer #1 · answered by Zak 5 · 0⤊ 1⤋
The Federal Reserve is pumping about 2 1/2 billion into the economy every day. As long as they do that, there shouldn't be any recession, only inflation. The Federal Reserve board members say, "they are concerned about it," however, I don't think they will do too much about it, at the moment anyway. I think they are really in a conundrum. Dammed if they do cause a recession, dammed if they don't. Recession or booming economy, which do you want. If the Federal Reserve is forced to defend the US dollar, raising interest rates, then we will have a recession.
The way the US congress is spending money I doubt interest rates will increase to much, don't forget we have a war going on, that costs a lot of MONEY! Our money seems to be on the oil standard and oil keeps creeping up, "like Indian underwear" inflation will most likely continue to be a problem. The extra cost of oil, which effects everything, will slow the economy down if oil continues to climb, transportation expenses cut into the publics' spendable income.
It all gets pretty complicated. There are a lot of variables.
2007-02-26 00:30:41 · answer #2 · answered by ARE BEE 2 · 0⤊ 0⤋
There will be recessions in the future and no one can predict when, but for certain we are not in one now, or anything like the beginnings of one. The US economy is very strong now. Just about every data set except some weak housing data is booming.
I'd look to the stock market. It is the best predictor out there -- it will usually commence declining months before any recession starts.
2007-02-26 00:46:26 · answer #3 · answered by KevinStud99 6 · 0⤊ 1⤋
I don't believe a recession has started or is on the way any time soon. Q4 of 2006 had a nice bump in economic growth.
Yes, there are problems, and that will cool growth, but not enough to kick us into recession.
2007-02-26 01:38:10 · answer #4 · answered by Uncle Pennybags 7 · 1⤊ 1⤋
The Market seems to have a CORRECTION about once a year or so. That's not a recession. I wish Greenspahn would keep his mouth shut. He is causing a lot of damage with his mumbelings it's none of his business anymore.
2007-03-05 23:03:42 · answer #5 · answered by Maka 7 · 0⤊ 0⤋
Since the gas prices are going up, that will increase the overall cost of living. Things will cost more from the stores, mills, and business to business in general will cost more.
2007-03-04 23:03:52 · answer #6 · answered by HA! HA! HA! 5 · 0⤊ 0⤋
Allan Greespan says, "Get ready for one."
2007-02-28 12:36:14 · answer #7 · answered by Alissar N 1 · 1⤊ 0⤋
No... the economy is extraordinary strong at this moment.
2007-02-25 23:50:20 · answer #8 · answered by Anonymous · 1⤊ 1⤋