Showing posts with label Truman. Show all posts
Showing posts with label Truman. Show all posts

Friday, July 27, 2007

The Dow, the Economy, and the Polls












Although the Dow has famously predicted 9 of the last 5 recessions (to quote Paul Samuelson), there seems to be a growing unease about the latest 'correction.' Whether or not a slowdown is coming (and the Commerce Department reported this morning that growth in the second quarter was on a 3.4% annual pace), the economy is the last pillar of whatever popularity President Bush still enjoys. If the economy tanks, it's look out below.