Recession? I don’t think so.
On Friday, Rodrigo Rato, the head of the IMF, told a Wharton group that the IMF expects worldwide economic growth for 2007 to clock in at close to 5 percent, the strongest five-year span for the global economy since the late 1960s. Although the US is slowing a bit, Euro area growth momentum looks solid, Japan’s economy seems to have regained its footing, and China and India continue to be engines. You can see the Forbes.com storry by clicking here.
We’d better keep this place growing. Barring dumb moves by the Fed (rate hike) or Congress (tax rate hike) the U.S. economy will do fine. Stock prices are still too low for today’s profit growth and interest rates.
JR
John, the Dems are like the Palestinians….they never miss an opportunity to miss an opportunity.
It not a matter of if the Dems do something dumb to the economy, but when.