Replies to post #61262 on Biotech Values

[croumagnon]

"If, on the other hand, government actions that may make free-market adherents grit their teeth manage to keep most of those 25 million families in their homes, we might see an economic recovery later this year."

The housing crisis is not the only reason our economy is in trouble. Our economy is in trouble because the government went on a spending spree, thanks in part to a totally foolish and needless Iraq war, and cut taxes at the same time, thus causing a massive deficit and weakening the dollar. Even if recent economic policies soften the housing blow, the economy will still be in trouble so I do not expect an economic recovery later this year...

"The slowing economy may well take care of the budding inflation."

I am not so sure about that given our "globalization" because inflation has become a global phenomena while our slowing economy may be specific to the US only...