West Coast Connection Forum
Lifestyle => Train of Thought => Topic started by: Ant on February 20, 2005, 10:34:26 PM
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From NPR:
As the saying goes: What goes up, must come down. But what if something goes up and down at the same time? That's what's happening with interest rates right now: short-term rates are rising, while long-term rates are falling. That could lead to something economists call an "inverted yield curve." And as commentator Gabe Wisdom explains, that is definitely *not* a good thing.
http://marketplace.publicradio.org/shows/2005/02/14/AM200502143.html
Click the link for the rest.
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I was watching tv the other day and some dude who knew a lot about economy said there is a chance that Americans will trade in their dollars for euros if the euro keps getting more and more expensive. If this happens this would be a disaster not only for the American economy, but also for the European economy.
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^^^ stupid yanks, what are they trying to pull here ?
i think due to past events a recession is highly likely.