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Originally Posted by DOGS THAT BARK  What recession?--we've had the longest expansion in history of U.S. which has came despite a trillion+ dollar hit to economy on 911-the greatest natural disaster (Katrina) so while I expect economy can't run at full tilt and will taper off I certainly wouldn't write in recession even with sub prime fiasco--my reasoning is corp earnings still there as well as record low unemployment. I expect to escape a recession up till late 08 at least. Then will have to reconsider depending on elections. |
Yes, a recession in the US is of course not a foregone conclusion, although an increasing number of forecasts seem to be stating an ever increasing chance of one.
As you say, the longest expansion in history - so a recession is certainly 'due', if not seriously overdue...
The election does muddy the waters a bit but I'll stick with a recession in 2008 if you want a bet (just for fun
).. see you back here late next year for the apportioning of bragging rights
