Originally Posted by
Avg Joe
Wow!
I agree that predicting what the domestic/global economy might look like 3 YEARS into the future is murky, but the 6 different publications I read each week ALL AGREE the recession/depression only deepens over the next 3 MONTHS. Morgan Stanley this week is warning of a DEPRESSION significantly worse than the 1930's. Given the economic data and the 6-month lag any stimulus requires to become apparent (Econ 101), I am personally ABSOLUTELY CONFIDENT in predicting our economic situation will look WORSE in 3 months! Call me an idiot if you wish.
Joe
If you throw in your towel now, you can beat the Christmas rush...
All I'm saying is that excessive pessimism and wild speculation won't help anyone...I read that in a publication so it must be true. The author might just have been trying to sell some sensationalized print though...You never know though...they got Y2K and global cooling (or was it warming?) right.
B2P