will the US Economy go into recession in 2008?

[Swing low, sweet chariot. Comin' for to carry me home.]

if the Fed cuts another 50 basis points this week they could really get out ahead of the curve, and barring any geopolitical shocks, I think we will avoid recession.

[Swing low, sweet chariot. Comin' for to carry me home.]

Will it create another bubble if we avoid reccesion?

free markets ALWAYS create bubbles of one sort or another

[Swing low, sweet chariot. Comin' for to carry me home.]

I mean, what could be the consequences of un-hinging the business cycle?

huh?

[Swing low, sweet chariot. Comin' for to carry me home.]

I mean, wouldn't the impending reccesion be milder if we slowed down the economy slowly through the housing bust so the impending global bubble be deflated through a weak U.S. economy? ...now if the economy goes back to a period of moderate growth, the global bubble could eventually erupt violently.  Then again, maybe we are at the end of history. The boom in China has yet to still penetrate a fraction of their society....perhaps when you are dealing with a global economy of 4 billion people, instead of 700 million, booms can last indefinately.

what is this impending global bubble you speak of?