Recession is predicted by a major U.S. economistgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
A Recession is predicted (12-18 months from now):
Not from Gary North, but from Henry Kaufman, a major U.S. economist:
"NEW YORK (CBS.MW) -- For the first time, a major U.S. economist with an excellent record of prediction is forecasting an economic recession -- and putting a date on when it will start."
"We can't go on generating these double-digit corporate profit increases every year." Henry Kaufman, Henry Kaufman & Company" "The next recession will begin in 12 to 18 months." So says Henry Kaufman, head of the influential international economic consulting firm that bears his name."
"Attention has long been paid to Dr. Kaufman, notably since the time he was the chief economist and an executive committee member of Salomon Brothers and he predicted, early on August 17, 1982, that interest rates had reached their peaks after six years of a rising trend. Later the same day the Dow Jones Industrial Average surged 39 points, or 4.9 percent -- its biggest jump in history till then -- and set off on the 17-year bull market that still continues."
-- Deb (firstname.lastname@example.org), October 17, 1999
A recession is what constitutes TEOTWAWKI now? That sounds more like a Polly.
-- Keepongoingdown (email@example.com), October 17, 1999.
the copy says he's "putting a date on when it will start".
When's the date?
looks like Swami Kaufman has a 6 month's of breathing room.
apparently CBS News has never heard of Dr.Ed Yardeni. (then again, Ed only gives it a 70% chance, so maybe that doesn't count)
-- plonk! (firstname.lastname@example.org), October 17, 1999.