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Old 22-01-2008, 10:23   #20
BBKing
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Re: Is reccession in America about to start?

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is today a holiday in Germany?
Nein. Last one was Epiphany, next one is Good Friday (21st March). People forget how religious Germany is - you are asked to state your religion to decide where some of your taxes goes - either Catholic or Evangelical. Not sure what the large Turkish community do, fill in another form I suspect, being Germany. I'd be tempted to put 'Jedi' and see where they sent the money ('Herr Lucas? Ve haf a cheque for you').

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It's started according to SKY news
The US economy is 'phenomenal' according to Fox News, though.

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For years I've been priced out of the market - if this leads to me being given a chance then it's not something I'd consider to be all bad.
Years? I'd suggest that if prices fell low enough for you to buy a *lot* of people would be in negative equity. You'd have to have a correction going back to roughly when you could last have bought with your current income, which is presumably tens of percent.

Recessions are funny things - most companies survive them and not many people are affected, but those who are are affected very badly. Also, stock markets aren't remotely a good way of measuring recession likelihood. So many things affect them other than forecast economic growth - mergers, confidence, dividends, profit forecasts, interest rates (people moving money in and out of shares into other instruments, exchange rates)...
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