Roubini predicted 1.0 – 1.5. His was a little off but he was closer than most economists. He predicts recession by Q1 2007.
I wrote months ago that I thought the recession would start around Thanksgiving. The next six months are going to be interesting. What is going to happen to the economy? What is going to happen to housing? We are entering a slow time for home purchases, coupled with a rising number of people who must sell due to resets. Are we going to see big drops this winter? A recession will grease the slide……. Dooooowwwnnnn…….
