U.S. Recession Forcast … It’s on The Way
"My guess is we're heading for a consumer-led recession beginning in a few quarters," said Michael Metz, chief investment strategist at Oppenheimer & Co. "The consumption boom is over." [tags]housing recession,recession,real estate bubble,housing bubble[/tags] San Diego California real estate agents
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The flood of layoffs – some 21,000 since the beginning of the month in the real estate, construction, and mortgage-lending industries – is one way the Federal Reserve can see real impact on the economy from the turmoil in the markets. best San Diego hotels
Unlike a lot of other businesses, real estate is everywhere!
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Stagflation is the problem going forward, not recession. If our gdp is 70% consumer spending, there is no value added to the society. The big muckimucks of wallstreet should consider how to invest in areas that increases value and not just consumer spending!! That is what will take out of stagflation.
Ben
San Diego Dentistry
The downturn during the 1970s was caused primarily by Richard Nixon’s faulty economic policy. Among other things the imposition of widespread wage and price controls caused the extended recession of the 1970s we refer to today as stagflation. Oil prices played a role but it was the governments response that truly put the United States over the edge. Unless the Government takes draconian measures like Nixon did to insulate the economy it doesn’t make sense to compare today’s situation to that of the 1970s.
Taylor
Oakland Law