Does anybody think we will still go into a big recession this year because of consumer debt and housing?
I know they have been warning us for sometime, but it seems like they have stopped . what do you think? why?
Answer:
They stopped because the December and January economic numbers were good.
The yield curve is still inverted, though, so I think everyone is waiting on a rate cut.
We could either have a moderated slowdown like in 1995 or a full-on recession like 2001 depending on how the Fed plays it, but then again everything is easy in hindsight.
I'm sure customers go on consuming as long as they feel rich, but its just an illusion; the inflation for land and housing as limitations when nobody more can buy, that's why many Brits come to France and increase prices too
there are lots of options if you are in debt. i recommend doing debt consolidation. use this site to get quotes on the best deal for you.
Recession, yes; but due more to stagnating worker wages not keeping up with prices, people working for less now, general unemployment, etc. I don't understand the housing issue-- why would housing 'starts' or # of home loan applications last week --or even an increase in NEW mortgage interest rates-- have any affect on someone who already owns a home for residential purposes?
crap question really - we're always in recession to some degree
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Answer:
They stopped because the December and January economic numbers were good.
The yield curve is still inverted, though, so I think everyone is waiting on a rate cut.
We could either have a moderated slowdown like in 1995 or a full-on recession like 2001 depending on how the Fed plays it, but then again everything is easy in hindsight.
I'm sure customers go on consuming as long as they feel rich, but its just an illusion; the inflation for land and housing as limitations when nobody more can buy, that's why many Brits come to France and increase prices too
there are lots of options if you are in debt. i recommend doing debt consolidation. use this site to get quotes on the best deal for you.
Recession, yes; but due more to stagnating worker wages not keeping up with prices, people working for less now, general unemployment, etc. I don't understand the housing issue-- why would housing 'starts' or # of home loan applications last week --or even an increase in NEW mortgage interest rates-- have any affect on someone who already owns a home for residential purposes?
crap question really - we're always in recession to some degree
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