I’m starting to really think we’ll hit a recession before the end of ’07 (although, it may not be called until ’08, seeing as Q4 numbers don’t come out until then and you need two consecutive quarters of negative growth).
There’s too many factors lining up. The stock market is starting to look awfully frothy. I don’t think this rally is done yet, but we’ve definitely gotten into overbought territory.
I think Q1 will clock in between 1-2% positive growth, probably closer to 1%. But such things can be tough to predict.
