Horizon turns gloomier for bumpy US economy

[deadparrot]

WASHINGTON (AFP) - Instead of gliding to a smooth landing after years of sky-high growth, the US economy now looks set for a bumpy ride as the property market hits major turbulence.

While most analysts do not yet anticipate a hard landing or even recession, they warn that the world's largest economy is looking a lot shakier than just a few weeks ago.

"'Home for sale' signs have edged out gasoline price billboards as the most important sign of downside risk to the economy," Lehman Brothers economist Ethan Harris said.

Harris predicted that revisions to second-quarter growth data due out this week would show an improvement to 3.0 percent, in line with the Wall Street consensus, from the weak pace of 2.5 percent first given by the government.

http://news.yahoo.com/s/afp/useconomy

[ConcernedCanuk]

1. "bumpy" - as in moguls on a ski hill.

.
.
.

It's all downhill, 'ceptin' for a few wee "up" bumps along the way

Enjoy the ride USA

Ya earned it!

[Monkeyman]

2. Nobody will hear how bad this is

Get ready for breaking news all week and Terror warnings

[badgervan]

3. Some Doing O.K.

Heck, Haliburton's profits alone over the past 5 years could provide for a nice raise to most of working America. Add Exxon and the other Big Oil parasites, Big Pharma, Insurance companies, Blackwater, etc. in the mix - a very, very nice raise.

[Dogmudgeon]

4. Sky-high economic growth?

What sky-high economic growth?

It must be so high I couldn't see it -- or partake of it.

But what do you expect? I'm just a libbrul.

--p!

[Art_from_Ark]

5. Sky-high economic growth...

...for the Top 1%-- bu$h's base-- the Haves and the Have-mores.