You see now why I believe there is a recession looming in our future in 2005....the problem of course is that will not be a "traditional recession", it will be more of the stagflation type, and the feds, if rates are left here at 1%, will be pushing on a rope to try and restimulate. The deficits are going to be too big to stimulate via fiscal means, so the "getting out" might have to be done the "old fashioned way", drastic reduction in demand and pout put, which eventually creates another spurt in "pending demand". The end cost to the economy, quite large cumulatively. Greenie should have listened to me last year when it was clear that output was starting to grow dramatically and at once increase rates. That would have given him future ammo, and strangely enough, at least initially, would have created optimism that the economy is growing spurring business to do its part in spending.
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