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Intel Corporation Message Board

  • trappedbybears trappedbybears Oct 27, 2006 8:54 AM Flag

    Recession

    As expected, the real estate "experts" are predicting the housing market will pick up next spring. Not bloody likely.

    My best guess is the US is already in recession, and by spring when housing prices fail to stabilize let alone rally, most sectors of the economy will be sucking wind in a huge way.

    Of course there is the spin to today's weak GDP figures that says "Oh, the Fed will be forced to cut rates." Yeah, that could happen, but the only thing that can avert a deep recession is dropping money from helicopters on every underwater home"owner", and that would be highly inflationary and probably wouldn't even work.

    But never fear, according to Danny Boy the stock market is in full bull mode with another 30% coming in the major averages (but I suspect a lack of conviction in that claim of his).

    By the way, Danny Boy is one of the smartest guys (if not THE smartest guy) in the room <in here>. His defense of the Iraq war was very well stated (albeit completely wrong). But he's correct in pointing out that the democrats are not going to save the US from itself either.

    The piper must be paid at some point. Sorry, but it's "game over" for the "how much a month?" approach to life. Yes, that approach has kept the US consumer in denial for the last 5 years, but by allowing people to (temporarily) ignore the true costs of their decisions, the burden to be dealt with has only grown much worse.

    But looking on the bright side, "they" say "owe China a billion, that's your problem; owe China trillions, that's their problem."

    GLOOM AND DOOM, GLOOM AND DOOM.

    Oh, btw, will the PHOCKHEAD who puts up those multiple posts (Sugargelo a.k.a. grecothegiant) please knock it off? I fear my ignore list will fill up.

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