Friday, January 18, 2008

Stopping the Freight Train with a Brick

Bush gabs about an economic stimulus package...soonest it could be implemented is JUNE.
Too little, too late; and some say counterproductive (like the Federal Reserve rate cuts to
be made on Jan 30th).
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Fortune magazine poll of 1000 wage earners says over 3/4 see the handwriting on the wall:

Which of the following best describes the country's economic condition right now?

In an economic recession right now.......................19%
Heading into a recession in the next 12 months...57%
Not in a recession and not heading into one.........19%
No Answer/ Don't Know........................................... 5%

Deef's opinion: Recession Probability CERTAIN - UNDENIABLE - REAL - NOW

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