US economy is already in recession and hidden in inflation, which is understated
Cons
ider the US housing industry. Home building stocks peaked out between the summer of 2005 and early 2006. Since then, housing stocks have declined by more than 50%. But all I have heard over the last 18 months (with the exception from one analyst at Credit Suisse) is that the housing market had bottomed out and was about to recover, and that the US consumer was in rock solid financial condition. However, I do agree with the Goldilocks crowd that the Fed will again cut interest rates. This, certainly, if Dow and brokerage stocks declined by 10% and 20%, respectively.
For Complete IIPM Article, Click on IIPM Article
Cons
ider the US housing industry. Home building stocks peaked out between the summer of 2005 and early 2006. Since then, housing stocks have declined by more than 50%. But all I have heard over the last 18 months (with the exception from one analyst at Credit Suisse) is that the housing market had bottomed out and was about to recover, and that the US consumer was in rock solid financial condition. However, I do agree with the Goldilocks crowd that the Fed will again cut interest rates. This, certainly, if Dow and brokerage stocks declined by 10% and 20%, respectively.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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