Greenspan will not dare to raise interest rates before the election. I see a large number of contradictions accumulating, indications of both inflation and an economic slowdown. Will we have to take stagflation out of the closet again? There's still some evidence of accumulating demand, but it remains to be seen how much of it is merely part of the bubble.
On Sat, Apr 17, 2004 at 11:06:33AM -0700, Devine, James wrote: > my prediction: if there's a recession (the second dip of the Dubya recession) in the > future, it will likely be after the election, so it won't help Kerry. > Jim D. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
