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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (216789)1/27/2003 12:03:16 AM
From: ild  Read Replies (1) of 436258
 
...Contrary to the views of some analysts, it is not clear that a war in Iraq will be a favorable development for stocks, nor for the economy, nor for the oil market, nor for the cause of peace. The oil supply from South America is already disrupted. The U.S. already faces depressing effects of overcapacity, low savings, and a massive current account deficit. The economy is already on the cusp of a double dip, with bankruptcies and foreclosures relentlessly increasing. In this context, the addition of war will not create the road to recovery. In this economy, it just might create the perfect storm.
hussman.com
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