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  • very_viking very_viking Apr 22, 2008 10:44 AM Flag

    Debt Strains & Unraveling

    You are being very conservative calling this a recession... we are on a fully loaded train with no brakes heading for full blown economic collapse...

    oh and the train is a military transport full of ammunition.

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    • Dear Viking,

      I call it a recession. Shockingly, folks refuse to acknowledge even that! Abby Cowen (a perennial bull) was just on CNBC chatting for half an hour along with other numerous "high powered" folks who thought the economy would have GDP growth of between zero and two percent. So far, the markets have proven them right. We are not even in a bear market. I know, I know, go figure.



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