Posted on 05/17/2008 4:31:23 AM PDT by expat_panama
There are always aberrations. I’m just looking at trends and probabilities. The probability points toward recession.
The trend is that this looks to be the longest steepest drop in housing starts since the 1973 recession and knowbody knows where or when the steep decline will bottom.
Could it be 1973 stagflation all over again? I just don’t know. But that chart just reinforces all the other data I am reading that we are in for some bad times, and there won’t be a quick correction.
Seems you've been reading that Republicans make more stagflation than Democrats. That's a lie. "Stagflation" --inflation with falling gdp-- was worse with Clinton in '00 than it is now. The worst stagflation was in the late '70's with Democrat Carter.
Great tagline...I know there are size constraints but it needs to be ammended: Any nation that would elect Hillary Clinton as its president has forfeited its right to exist. Any nation that would elect Hussein Obama as its president has forfeited its right to exist. Any nation that would elect Husein Obama/Hillary Clinton as its president/vice president has passed the final exam for entry into hell.
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