Recession???

[Snowman66]

Our econamy has been supported by debt consumer spending for years. This country used to have recessions every few years, and a depression once a generation. All of these instances happened right after people spend a little to much money and they we're cutting back= slowdown. The last couple decades the FED drops interest rates or frees up money so people go into debt and spend money, that makes the economy good.
Lately people toke money out of the inflated equety in there houses. The equety was there becouse interest rate we're down and people we're looking at there monthly mortgage payment. Lower Int. price of house goes up, payment stays the same,house builder wins. Consumers don't win from cheap money, supplyers win. latly the supplyers of consumer goods has been China, hence trade deficate, devalue of doller. On top of that ,restrict domestic supply of oil so oil companys are force to by overseas.

When there's no more money to borrow to support our econamy, watch out! the house of cards will fall. 1929

Sorry for poor grammer and the rambling

[HappeetxnR.N.]

This is a great post and I have enjoyed reading all the thoughts, point of views and opinions. Keep them coming.
Craig