Yep

i think we are safe - no recession in 2010 or 2011

If this isn't a recession I'd hate to see what one looks like.

Didn't Bill Clinton leave us with a surplus only to have Bush 2 come back in and spend it like it was so much nothing? I'm asking. I think the R's paint the D's as "tax & spend" where there is no actual evidence of the R's having more fiscal responsibility. It also seems that R's counter social programs with an economic argument but its really that the rich people don't want to help the poor. How much do social programs cost compared to wars? Not too mention all the other costs of war besides $$$. Anyone smelling what I'm stepping in?

A market like this really needs to define what is meant by "recession" and what is the determining body. The technical economic definition for example is not met by one quarter of economic contraction.

I wish my broker would give me answers as straight as Intrade. He is like a lawyer - "On hte one hand it could go up, on the other hand it could go down".

I wish my broker would give me answers as straight as Intrade. He is like a lawyer - "On hte one hand it could go up, on hte other hand it could go down".

I think it's clear the way that the US economy is heading, it's only a matter of time until people fully admit it. It seems that the high oil prices are going to stay for the medium term atleast to compound this and slow any rebound. Moreover, I think for far too many years the US has failed to properly address the debt issue. The current administration has tried to spend heavily in many areas such as the war and medicare/aid, while also pursuing the tax cuts - the basics just don't add up. As such, it is surprising that people were happy for so long to support the dollar.