I know this is a true statement but I hope to heck this doesn't happen. Actually, it already is happening. It appears that a lot of freepers have forgotten that the feds. inserted 200 billion into the economy since Aug.9.
What is your opinion of a recession?
Recession is baked into the cake. The Fed can lower all they want, but people are not going to borrow to continue speculation in the housing bubble. Because of that, 100’s of thousands of real estate and banking people are going to lose their jobs. Also people are not (and cannot) refinance for extra cash to spend on stuff.
I’ve heard rumors that we’ll be having more than just a recession by end of next year, latest.