Q & A Session on the US Economy

What is the economic outlook for US economy?

As the housing market continues to decline it will drag the unsustainable US economy into a recession. A recession is coming soon. By late 2006, the US economy will be hurting. There are many other conditions that will contribute to the coming recession including the US budget debt & deficit, over reliance on consumer spending, the trade deficit, rising oil prices, hurricanes and a move away from the US dollar.

You seem to be so pessimistic in you outlook. Some have called you a 'prophet of doom.' How do you see yourself?

No, I am NOT a 'prophet of doom.' Rather, I am truthsayer. I tell the truth as I see it. Some others in the blogosphere are predicting a second great depression. I am predicting a moderate to severe recession, not a depression.