Edited by Sentient Being, 06 January 2007 - 02:42 PM.
On Recessions and Expansions
Started by
Sentient Being
, Jan 06 2007 02:39 PM
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#1
Posted 06 January 2007 - 02:39 PM
I just read that the average expansion last somewhere from 6 to 10 years. As I recall, this present expansion started only around 3 or 4 years ago.
Are people being a little too fast on the trigger in believing the next economic recession has started or will start in 2007?
Wages finally moved up, employment is up, gas and oil down, GDP is positive, housing has slowed but not crashed, we may have a few YEARS of growth ahead of us yet?
I think I'll tell Mama to sell the trailer house and buy stock! Mama? Mama? Sell the trailer and live at the Y...put it all in IBM and GE
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~