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

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To: Peter V who wrote (77704)4/15/2008 1:06:58 AM
From: mishedlo  Read Replies (2) of 116555
 
Global Recession On The Way
globaleconomicanalysis.blogspot.com
A global recession is headed our way, right on the heels of a worldwide housing bubble bust. Consumer retrenchment will make this a very nasty recession. Consumers are 70% of the economy and consumers are tapped out with no savings, no jobs, no job prospects, and no home equity left to tap. This is the end of the line.

Mish
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