I believe that impending forecasts of doom are self-fulfilling-prophecies. GWB did it and got one.
- Matt ----- Original Message ----- From: "Vivec" <[EMAIL PROTECTED]> To: "CF-Community" <[email protected]> Sent: Wednesday, January 11, 2006 2:20 PM Subject: and in other news of doom:US to hit recession in 2007 > http://tinyurl.com/9zgdr > > Soros predicts US economy will slip into recession in 2007 > By John Burton in Singapore > Published: January 10 2006 02:00 | Last updated: January 10 2006 02:00 > > George Soros, the US financier, yesterday predicted that the US > economy could suffer a recession in 2007 owing to falling housing > prices as the US tightens interest rates, with a "reasonably > significant chance" that the global economy could slow as a result. > > There was a risk that the US Federal Reserve would raise interest > rates more than necessary to curb inflation, resulting in a hard > landing for the US economy, Mr Soros told a forum of the Singapore > Institute of International Affairs. He expected the federal fund rate > to peak at 4.75 per cent, up from 4.25 per cent. > > Although the Fed is aware of the dangers, "almost inevitably, they > have got to overshoot because they can't stop [raising interest rates] > until the economy shows signs of a slowdown. By the time it shows > those signs, it may be a little too late". > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:191761 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
