Risk of Recession Builds

[w¡n9Nµ7 §£@¥€r 123]

(Excerpts only. Read the actual article at http://askmerrill.ml.com/res_article/1,2271,19598,00.html for all the details.)

Merrill Lynch North American Economist David Rosenberg provided the following comments in regard to the probability of a recession in 2007:

[...]

... if the past is a good guide, the Fed will be easing in March 2007 at the latest.

Our recession-risk indicator puts the probability that there will be an economic downturn in the coming year at 51%. That's the highest level since the 2001 recession.

http://askmerrill.ml.com/res_article/1,2271,19598,00.html

More recession news, from a different source:

Barron's interviews Richard Arvedlund, founder of Cypress Capital Management, which has $450m under management.

[...]

Recession: The preconditions are in place: (1) Housing drop of 10-20% (which usually signals a recession of unusual length). (2) Weak auto sales. (3) Inverted yield curve. "Where we had been looking for a slowdown, we now think there's a 40% to 50% probability of a recession. Next year could be a very difficult time in the U.S. economy."

Source: http://usmarket.seekingalpha.com/article/20388

Edited November 15, 2006 by Gupt

[Ban Hammer 14,396]

it's the fault of pelosi

[GaryC 7]

it's the fault of pelosi

[one...two...tree 2,762]

it's the fault of pelosi

She's speaker of 'the' House... not the housing market....sheesh.

[Ban Hammer 14,396]

it's the fault of pelosi

She's speaker of 'the' House... not the housing market....sheesh.

close enough. blame pelosi!

[one...two...tree 2,762]

it's the fault of pelosi

She's speaker of 'the' House... not the housing market....sheesh.

close enough. blame pelosi!

Not before she's sworn in.

[GaryC 7]

it's the fault of pelosi

She's speaker of 'the' House... not the housing market....sheesh.

close enough. blame pelosi!

Not before she's sworn in.

I can wait!

[one...two...tree 2,762]

it's the fault of pelosi

She's speaker of 'the' House... not the housing market....sheesh.

close enough. blame pelosi!

Not before she's sworn in.

I can wait!

Still upset over the loss, eh?

[GaryC 7]

it's the fault of pelosi

She's speaker of 'the' House... not the housing market....sheesh.

close enough. blame pelosi!

Not before she's sworn in.

I can wait!

Still upset over the loss, eh?

Nah! It's going to be fun to watch the next two years. The libs are going to get so caught up in themselves that in the end nothing will get done.

[w¡n9Nµ7 §£@¥€r 123]

Will you guys quit the political sniping. This thread is about recession

[GaryC 7]

Will you guys quit the political sniping. This thread is about recession

Awwww, but it's so much fun!

[almaty 19]

Will you guys quit the political sniping. This thread is about recession

you know, it is about time..there are always economic cycles and recession is now up to bat