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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sunny Jim who wrote (74427)	2/6/2008 10:44:01 PM
From: Think4Yourself	Respond to of 116555

Actually I wasn't even considering rates. I was thinking about all the credit markets freezing up, tightening credit restrictions (that's a really big issue with all the poor debt needing to roll over), rising foreclosures, falling house prices, and a commercial real estate market that is also seriously overbuilt. A lot of economic pressures are present simultaneously at the moment and they are all building. The current situation is very unusual and a disaster could easily happen if a catalyst develops. What is there to counter it? A Fed that can cut interest rates up to 3%. Seems pretty mismatched to me. Roubini could very well be spot on.