Quote:
Originally Posted by AdvertisingSex
no recession is coming.. a slight drop maybe, but a recession... uh, no.
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To say no recession in the face of worst housing recession since 1930, 90-100 Usd oil, high inflation and possible implosion of few financial companies is really stupid.
"The only two exceptions of a housing recession not leading to economy-wide ones were those during the Korean War and the Vietnam war when a massive fiscal stimulus rescued the economy. What we spent ? or waste ? on Iraq is not sufficient to get that fiscal stimulus; we would need another equivalent of $200 billion fiscal stimulus to do the job."
From:
http://www.rgemonitor.com/blog/roubini/223214/