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Strategies & Market Trends : 50% Gains Investing

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From: anializer	11/12/2008 7:32:46 PM
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Today's comments out of Jamie Diamond and Roubini no help whatsoever. Jamie who is close to the pulse forecasted worse than 1929. From Roubini we get "The U.S. will experience its most severe recession since WWII, much worse and longer and deeper than even the 1974-75 and 1980-82 recessions. The recession will continue until at least the end of 2009 for a cumulative GDP drop of over 4%; the unemployment rate will likely reach 9%. The US consumer is shopped out saving less and debt burdened and now faltering: this will be the worst consumer recession in decades." Paulsen with a new plan for credit card backed securities. Oh No!

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