Quote:
Originally Posted by kblair7
I wouldn't worry about debters prison right yet
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It is important to bear in mind that kblair's analyses are something less than rock solid.
Quote:
Originally Posted by kblair7
I don't think there is much of a chance of a deep recession at this point. I have been watching the indicators for a while now, and all the analysis were predicting a slowdown cause of the credit bust. This will last awhile, and hopeful encourage banks to be more cherry when lending to individuals. However, many economists have been talking about a credit crisis for a few years now because of the low percentage of savings and high debt offset by a weaker dollar. The fact that consumer spending is at its lowest in five years have not helped either. The rebate checks were simply a tactic to put some "lighter fluid on a fickle flame." Hoping to get people spending, which would have the effect of "jump starting" the cycle of capitol again. Personally, I think that is rubbish. Since at this point there is not way to "jump start" but some sectors have been showing signs of recovery. All my stocks are doing peachy right now, and I am even thinking about getting back in with my Hedge manager.
Patience is after all, part of the process.
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