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Entries for March 30, 2007

Is a Recession Coming? Not If Consumers Can Help It

March 30, 2007 01:32 PM ET | Permanent Link

Remember how one of James Baker's rationales for the Persian Gulf War, beta version, back in 1991 was "jobs, jobs, jobs"? See, that's pretty much the heart of my amateur rationale for why I think the economy will avoid a recession this year despite all the fears about housing. Jobs, jobs, jobs. Well, to be exact, jobs and income. Consider the following, and see if you agree:

...continue reading.

Tags: economy | employment | wages

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