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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: SouthFloridaGuy who wrote (74196)11/16/2006 11:49:15 AM
From: mishedlo  Read Replies (8) | Respond to of 110194
 
The recession of 2007 will indeed be far worse than the last recession. It will be a consumer led recession not a dot-com bust. This one will affect far more jobs and far more people. Bankruptcies and foreclosures will soar. Layoffs will hit white collar workers as well.

In fact we will probably head in and out of recession gaining little traction for the next 5 years. Rates on the long bond will head to 4.0-4.25 and it will not help housing one bit.

Mish