Recession  in  2007  ? 

(01) Remember those inverted yield curves in early 2006? Almost every time that happened, a recession followed.  Historically, inversions of the treasury yield curve have preceded many of the U.S. recessions. Due to this historical correlation, the yield curve is often seen as an accurate forecast of the turning points of the business cycle.
(02) The real-estate market bubble is bursting.
(03) The two major automobile manufacturers are in dismal shape. Along with real-estate, those are two of the largest U.S. sectors.
(04) Wal-mart, Target, and major retailers are dropping prices. Something is up (or down)?
(05) Median incomes have fallen since 1999.  However, Congress has given itself a raise 10 times between 1997 and 2009. 
Poverty is growing.  A mere 1% of the U.S. population now has 40% of all wealth (up from 20% in 1980), which has never been higher since the Great Depression of 1929.  Also,  skyrocketing property taxes are running some people out of their homes.
(06) The wars in Iraq and Afghanistan will continue to be costly (loss of life and monetarily).  Already, the monetary cost is around $344 billion (as of NOV-2006).
(07) $Loading...  National Debt is 80% of GDP (as of MAR-2009) The massive national debt per-capita has never been larger.  China and Japan are getting nervous about buying more U.S. treasury securities, and have decided to start reducing their exposure to the falling U.S. dollar. 
(08) Inflation is rising. The government and Federal Reserve are printing too much money.
(09) Interest rates are rising now.
(10) Nation-wide foreclosures have been rising for almost two years.
(11) Government is still  FOR-SALE !   Voters missed another opportunity to oust irresponsible incumbent politicians, and 90% of incumbents retained their cu$hy, coveted seats.  The government is selectively enforcing the laws (e.g. illegal immigration, abused presidential pardons, etc.).  Voters want change, but it will never happen by continually re-electing and rewarding irresponsible incumbent politicians.  83% of all federal campaign contributions in year 2002 (of $200 or more) come from a mere 0.3% of all 200 million eligible voters.  How is that fair to the remaining 99.7% of the U.S. citizens?   Pork-barrel, graft, corporate welfare, waste, and money in politics is rampant.  Incumbents (who always out-number newcomers) refuse many badly-needed, common-sense reforms.  Voter fraud is out-of-control in some regions.  There are unfair and illegal barriers preventing third party candidates from getting access to election ballots.   Gerrymandering is being used to defraud voters by manipulating the outcome of elections by manipulation of geographical boundaries.  But, voters keep rewarding them with re-election ?!  
(12) Energy vulnerabilities, rising fuel, oil and energy costs.  Watch prices continue to rise again.  Also, foreign competitors (e.g. China, India, Asia, etc.) are also competing for more oil, and other fuels, as their economies continue to grow at a very fast pace. And, let's hope Israel doesn't start a war with Iran.
(13) Social Security and Medicare have never been in worse shape. The so-called surpluses are nothing more than non-marketable I.O.U.s. Both systems are pay-as-you-go.  Medicare fraud is massive;  Social Security and Medicare surpluses are  still being plundered, ensuring looming shortages (perhaps as soon as 2013).
(14) Public education is decreasing in quality and increasing in cost, because of too much money going to too many administrators (instead of more teachers),  public funds are being funneled into private schools (undermining public education),  setting the bar too low, and a lack of parental involvement and concern.  Foreign competition has never been higher (and becoming better educated too), while we have falling numbers of college students pursuing engineering and science.  Our own universities are graduating more foreign students in engineering and science.
(15) Illegal immigration will grow worse. It is already costing net losses of $70 billion annually to U.S. citizens. If Congress passes an amnesty, the problem will quadruple like it did after the amnesty of 1986.
(16) Healthcare is not only increasingly unaffordable, but dangerous.  Pharmaceutical corporations and the FDA are becoming pill pushers that are killing hundreds of thousands in the U.S. annually.  That does not even include the huge number of patients that are irreversibly damaged and maimed.  JAMA reported that over 2.2 million hospitalized patients in 1994 had serious Adverse Drug Reactions (ADRs) and 106,000 were fatal, making these drug reactions the 5th or 6th leading cause of death in the U.S.!     JAMA's conclusion was that "the incidence of serious and fatal ADRs in U.S. hospitals was found to be extremely high".  On 27-July-2004, reported that "An average of 195,000 people in the U.S. died due to potentially preventable, in-hospital medical errors in each of the years 2000, 2001 and 2002, according to a new study of 37 million patient records".   Part of the problem is the growing corpocrisy, corporatism, and influence of government by corporations.  Healthcare solutions are needed. Create a DIRECT-PAY system like once existed before insurance companies started getting their fat cut.
(17) Nation-wide household debt is up to $13.8 Trillion!  This all reads like a book for dummies:  "How, as a Nation, to Commit Suicide".
(18) Do-Nothing Congress will continue to do nothing (or worse, something stupid? Hopefully, not something as stupid as another unnecessary war).
(19) And layoffs at the following will probably start soon:
  • 10% at General Motors
  • 13% at Borg/Warner
  • 16% at Ford
  • 17% at Daimler/Chrysler
  • 10% at Hewlett Packard 
  • 16,000 workers at Intel
  • 12,000 Chrysler
  • Recent layoffs at Sun, Microsoft, Borland, Oracle, Novell, Lenovo, SGI, etc.
  • and more layoffs from the ripple effect of those layoffs above
(20) Recessions have occurred every 2-to-11 years for the last 46 years. The last recession started about year 2001 (almost 6 years ago). With massive debt, borrowing, spending, money-printing, wars in Iraq and Afghanistan, and all the things above, how well prepared are we for the next recession?

Hopefully, we're not headed for a recession, but the list of
pressing problems is growing in number and severity.  There are a number of things (now) that have never been worse since the Great Depression, and this so-called rosy economy was propped up with massive government borrowing, debt, spending, and money-printing (and massive personal borrowing, spending, and debt too of  over $20 trillion).

How long can that last?  
What would the economy be like now if it were not for that massive borrowing, debt, spending, and money-printing?
There is a definite slowing in the economy (as of Nov-2006).
Are we headed for a recession in 2007 ?
It looks that way.

Pressing Problems Facing the U.S. (growing quickly in number and severity)
CONGRESS' To-Do List (see what Congress has done since the NOV-2006 election)
Irresponsible Incumbents (what irresponsible incumbent politicians do while troops risk life and limb)
PROs and CONs (why to stop re-electing irresponsible incumbent politicians)
National Debt (and growing fast)
Interest on the National Debt (it will take 140 years to pay off the National Debt)
Consider the Following Scenario (must we learn the hard way?)
Did you know Article V of the Constitution is being Violated? (FOAVC.ORG)
Environmental Issues (population, arable land, global warming)
Solutions ; Help Educate Others (peacefully force government to be responsible and accountable too!)
Badly-Needed, Common-Sense Reforms (that can never be passed until voters make it happen)
The Enviroment (population, arable land, and plundered oceans)
The Cheater's Philosophy (learn to recognize their manipulation)
Frequently Asked Questions