dumpster56
Thinks s/he gets paid by the post
- Joined
- Nov 28, 2005
- Messages
- 2,146
For now, however, the Fed has obviously concluded (and we hope it’s right) that it’s more important to try to mitigate current conditions than to worry about hypothetical concerns. Economic growth in the fourth quarter of 2007 slowed to a barely perceptible 0.6 percent. Housing is already in a recession, and manufacturing is headed down. Foreclosures are rising. Lending is constrained. Consumers are pulling back in the face of job uncertainty and a reduced ability to borrow against their homes.
From todays NYTIMES editorial...
It seems that the only way our economy will expand is through people borrowing against their homes to buy stuff made in another country. How does that help the economy?
I have a feeling that the big shoe is going to drop in the equity markets and 10,000 dow will be a speed bump on the way way down ....
From todays NYTIMES editorial...
It seems that the only way our economy will expand is through people borrowing against their homes to buy stuff made in another country. How does that help the economy?
I have a feeling that the big shoe is going to drop in the equity markets and 10,000 dow will be a speed bump on the way way down ....