Zeev's Turnips Patch-No Politics (ZEEV)

[limtex]

ZH - The economy is shaky now. A consumer led recession would in my view push it over the cliff into depression. The consequences would be overwhelming coming as they would when the twin deficits are high and the global economy needs some time to recuperate from having just emerged from the business slump of 2001 - 2002.

Such a consumer recession would undoubtedly drag the housing market into play as well. And all this with the Fed hell bent on increasing interest rates. What a concution <g>.

L