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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Tommaso who wrote (69327)9/23/2007 11:17:21 AM
From: koan  Read Replies (1) of 116555
 
Marc Faber said it a couple of weeks ago on bloomberg. He was one of the first to say we are going into a recession (he laughed at one of the questions about this), he also said: the dollar would have to fall to 72, and the fed would need to cut 200 basis points.

So when Bill Gross said the same thing it struck me as a much more likely event given their reputations for brillance.

200 basis points almost seems inconceivable to me, as does a dollar at 72, as those events would surely crush the dollar. Gold would blow through a $1,000.

And then how will $100+ oil which many predict, just based on supply/demand fundamentals, being bought with a cheap dollars affect our trade deficit? And if we bomb Iran or if the 3 shia militia's fighting in Basra end up slowing production there-well, oil could go much higher than $100.

And last a frozen real estate market with fast falling house prices willl sure shake the house of cards even more, IMO.
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