SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RealMuLan who wrote (55170)8/22/2006 12:15:52 AM
From: mishedlo  Read Replies (4) of 116555
 
Hold on to your hats. It may be time to turn your U.S. portfolio on its head.

That's because there's growing evidence that the U.S. economic cycle is more advanced than is generally recognized — and that there is a higher risk that the economy could be in for a hard landing, not a soft one.

This is the view of David Rosenberg, North American economist for investment dealer Merrill Lynch & Co. Inc. in New York.

“Practically every indicator at our disposal tells us that we are very late cycle, and the historical record also suggests that the next wave after the Fed has inverted the entire yield curve is either a hard landing or a very bumpy soft landing,” Mr. Rosenberg said in a commentary, referring to the U.S. Federal Reserve Board's interest rate policies. “Either way, the economy is going to have some sort of a 'landing,' which is far different than a 'takeoff.'”

<snip>

In fact, Mr. Rosenberg cited a speech delivered last Wednesday by Dallas Federal Reserve Board president Richard Fisher, who, quoting what someone he called a friend and a major home builder had told him, said: “This is the roughest, most sudden correction we have seen in the housing market.”

<snip>

theglobeandmail.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News