No Recession but Hurdles on Tap for U.S. Economy in 2008
With the struggle for power, varied Democrat Congress members and presidential candidates have tried to inflame the claim the US is headed for a recession in 2008. And guess what, they want us to trust them to fix it!
There are ongoing adjustment in the housing market due to previous overpricing and bad mortgage lending practices. In addition, wage increases, even with an increased "minimum wage," have slowed, and oil prices are rising. Issues like rising oil prices can be placed primarily at the feet these very Democrats. They have supported limiting access to available oil and natural gas fields both in the U.S. and off shore. They have opposed new refineries and prevented new coal, hydro or nuclear production facilities. All of which would have created jobs and eventually lowered prices via falling oil and energy prices. Regardless of the above, the below WSJ Videos address the "R" word and economic indicators:
Tags: 2008, David Resler, economy, Mike Thompson, recession, the economy, WSJ To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
There are ongoing adjustment in the housing market due to previous overpricing and bad mortgage lending practices. In addition, wage increases, even with an increased "minimum wage," have slowed, and oil prices are rising. Issues like rising oil prices can be placed primarily at the feet these very Democrats. They have supported limiting access to available oil and natural gas fields both in the U.S. and off shore. They have opposed new refineries and prevented new coal, hydro or nuclear production facilities. All of which would have created jobs and eventually lowered prices via falling oil and energy prices. Regardless of the above, the below WSJ Videos address the "R" word and economic indicators:
| MarketWatch's Steve Gelsi speaking with Mike Thompson of Thomson Financial who explains why there will not be a recession in 2008. Thompson also addresses personal income and the 2008 earnings outlook. No Recession on Tap for 2008 | Kelsey Hubbard asks David Resler, chief economist at Nomura Securities, for his economic predictions for 2008. Plus, what he hopes not to hear from presidential candidates on economic issues. Main Hurdles for 2008 U.S. Economy |
Tags: 2008, David Resler, economy, Mike Thompson, recession, the economy, WSJ To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 1:14 PM - Post Link
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