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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: John McCarthy who wrote (71617)	11/24/2007 12:38:27 PM
From: mishedlo	Read Replies (2) of 116555

Big Discounts, Expanded Hours, More Foreclosures globaleconomicanalysis.blogspot.com Shoppers are flooding to the malls but it's too early to call this a "success". Are shoppers just cherry picking bargains? Is this a weekend wonder, or a prelude to a strong season? Whatever the answer, new home loans are failing at a faster pace in 2007 than 2006. Unemployment is set to jump. The excesses of the past cycle are about to be purged. Mish

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