Economy Looks Bad for 2007


	Economy Looks Bad for 2007

RayWatkins

8-11-2007 5:45 PM

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tags:

economy, america

RayWatkins says:

Economy Looks Bad for 2007

By Mark Weisbrot

1 Comment |

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8-11-2007 11:10 PM

Chitownmortgage

I don't think it will be bad. I don't think there will be a recession. The fed will more than likely loosen up the money supply and get things going.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/406866ad-19fb-40ba-baa7-9ba9e82d1de3/245EA00B-96E6-45B3-AF91-DE01AF98F2EB/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.cepr.net/index.php?option=com_content&task=view&id=780&Itemid=45" href="http://www.cepr.net/index.php?option=com_content&task=view&id=780&Itemid=45" style="font-size: 11px;">www.cepr.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cepr.net/index.php?option=com_content&task=view&id=780&Itemid=45">The big question for the U.S. economy now is whether we will make it through 2007 without a recession. Most of the top economic forecasters are predicting a "soft landing," which means the economy slows but not so sharply as to cause a recession. But almost all of these same experts failed to forecast the last recession, and they missed the stock market bubble (the largest financial asset bubble in history). And most of them also missed the housing bubble until it began to burst. So it would not be prudent to rely solely on their forecasts at this time.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/245EA00B-96E6-45B3-AF91-DE01AF98F2EB/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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