Friday, Sep 29, 2006

US Recession Inevitable

The Daily Reckoning: US Economy Recession

- A recession and a bear market in asset prices are inevitable for the US economy. Recent economic data leave no doubt that both are on their way. What keeps triggering rebounds in US stocks is only the "bad news is good news" syndrome, reflecting the hope that economic weakness will stop the Fed's rate hikes.

Dr Kurt Richebcher
Fri 29 Sep, 2006

Posted by being_patient @ 01:26 PM (631 views)
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