Zeev's Turnips Patch-No Politics (ZEEV)

[jrintl]

(Only when you get a chance...)

What do make of bearish arguments that consumer/household savings (last quarter I believe) dropped to all-time low (0.5% I believe- at least as low in many, many years)...and that, at some point, that must get turned around, and indeed that is what historically happens to "refuel" economies, markets- pool of "savings" that gets spent to lift economy (of course leading to a recession beforehand)...

I know you are looking a consumer led recession in 2005, with small possibility sooner...but we keep hitting these historic low numbers+ refi boom over, etc do that lead you to believe you may have move up forecast? (timetable) tia