Tuesday, February 27, 2007
First the war, now the markets
There can be no greater loser in the Republican pantheon than a president who loses a war AND has a market crash. It does appear that Our Dear Embattled Leader will achieve that status. We all know that he has lost the war in Iraq.
Tuesday's stock market plunge shows the start of a "correction," the age-old euphemism for a steep drop in stock prices, but it may also signal worse news than that.When that miserable old hack, Greenspan say recession, you and I can be thinking Great Depression.
A steady stream of recent data shows mixed signals about where the U.S. economy is headed. The old sage himself, Alan Greenspan, suggests recession could be looming.
Fasten your seat belts - some economic chop could be coming.
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