Mish's Global Economic Trend Analysis Message Board

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

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To: ajtj99 who wrote (72860)	12/27/2007 10:28:58 AM
From: Rarebird	Read Replies (2) of 116555

<<Think of all the money pumped into the system since July, and the stock markets have basically moved sideways during that time.>> True. However, Bull markets do not end with a whimper — they end with a bang! <<The end game to this is real bad>> Agreed. However, the most accurate model for forecasting a recession (ECRI), one which has correctly forecast every recession, is still saying there will be no recession. Moreover, the bond market, which would rally if a recession were coming, has been selling off recently. That's a sign that the chances of recession are receding. Sometimes I wonder if the wealth of the US consumer has been woefully underestimated.

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