from the BLS daily report:
> > Excessive consumer and business debt, coupled with the fallout from the
> > recent downturn in the stock market, are the primary threats to U.S.
> > economic growth, according to a survey by the National Association for
> > Business Economics.
this sure fits with what I've been saying: consumer and business debt are
two of the three Bears that threaten the "Goldilocks Economy" (along with
the growing external debt). They threaten to make the recession -- if it
happens -- long and/or deep. If it doesn't happen, these debts will
continue to grow, making the eventual recession even worse.
Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
