[lbo-talk] economy tanking?

Jim Devine jdevine03 at gmail.com
Sat Apr 15 09:57:26 PDT 2006


FWIW, economists (including yours truly) are always worst at predicting turning points, e.g., a shift into recession mode.


> info at pulpculture.org wrote:
>
> >Doug and others: Is the economy looking like it's going to tank or
> >something? We're getting this huge influx of job inquiries to the
> >Web site. Very strange for people to be so desperate as to try to
> >get work with a dinky freelancing biz.

On 4/15/06, Doug Henwood <dhenwood at panix.com> wrote:
> Few signs of it really. The leading indexes are looking ok,
> portending pretty much the same thing we have now, which is ok but
> not spectacular growth. The housing market has almost certainly
> peaked, and that may be bumming some people out, but it's yet to have
> any broader drag. It may, and so may 15 (or is it 16?) consecutive
> rate hikes by the Fed, but not yet. The unemployment rate is the
> lowest, and the capacity utilization rate the highest, they've been
> in 5 or 6 years.
-- Jim Devine / "There can be no real individual freedom in the presence of economic insecurity." -- Chester Bowles



More information about the lbo-talk mailing list