The thing that worries me is what I think I (as well as a lot of others) are seeing in the finance markets (stocks and fixed incomes), I have said this before and I will state it here again, I think the Fed/Government knows there cannot be allowed a serious economic downturn (and therefore there is much control in verious forms going on) for several reasons,
1) By 2003 Pension funds were going belly up in record numbers because of the stock market decilnes (The fed just cannot affort to bail these out)
2) The economy is seen as a large part of the war on terror (it cannot be allowed to fail in any significant way).
3) The risks here is that the U.S.A. would lose and never be able to regain it’s world leader status (think USSR).
I believe there will be continuous heroic efforts to avoid any serious economic downturn.
