maybe the economy's over-shooting, as it did in the run-up to 2000. In any event, current statistics are a pretty poor basis for predicting a turning point. Of ocurse, there are no good statistics for predicting a turning point.
On 4/27/06, Perelman, Michael <[EMAIL PROTECTED]> wrote: > What do people think about this report? Housing does not seem to be > much of a basis for near term growth. Manufacturing growth was mostly > driven by aircraft, I thought. > > What is weird is that when I see an indicator of an immanent recession > (growth), right away comes some sign of growth (recession). > > Has there ever been a time when so many mixed signals have come for so > long? > > > Michael Perelman > Economics Department > California State University > michael at ecst.csuchico.edu > Chico, CA 95929 > 530-898-5321 > fax 530-898-5901 > -- Jim Devine / "There can be no real individual freedom in the presence of economic insecurity." -- Chester Bowles
