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Recession clouds darken 2007 outlook

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Herman Munster Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-26-06 06:52 PM
Original message
Recession clouds darken 2007 outlook
http://money.cnn.com/2006/12/26/news/economy/recession_threat/?postversion=2006122615

NEW YORK (CNNMoney.com) -- The economy is stumbling at the end of 2006, setting off alarm bells that growth might not just slow next year but that the nation could tumble into a recession.

The recent trend of slower growth is not expected to be reversed any time soon. Home building and the broader real estate market are both already in a recession by most accounts and are expected to stay there well into next year. Manufacturing could soon follow, according to some recent readings.

While most economists are still expecting the economy to avoid a full-blown downturn next year, several say the odds of a recession have risen. Even the more optimistic analysts are looking for a slowdown in growth in gross domestic product (GDP), the broadest measure of the economy, to between 2 and 3 percent next year, from 3 percent or better this year.




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wakeme2008 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-26-06 06:54 PM
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1. My old my another Clinton Recession
:sarcasm:
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Kolesar Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-26-06 06:56 PM
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2. The dittoheads of Wall Street are going to wake up and say:
"Oh, S--t, look at what bush* has done to our country" and the stock market is going to plummet 20%.
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caffeinefwee Donating Member (171 posts) Send PM | Profile | Ignore Fri Dec-29-06 08:26 PM
Response to Original message
3. the last recession we had they blamed on President Clinton
When Bush finally leaves office, he'll blame President Clinton for everything that went wrong on his, Bush's, watch. I'm surprised he hasn't blamed Clinton for his drinking problem.
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