Wednesday, July 9, 2008

Everything still contracting

The economy is still contracting with a recession looming. If we are to go into a recession the capitulation could be catastrophic. Stocks, bonds, real estate could contract to 20 year lows.
Impossible you say. Well hang on.......
If no recession happens this time around we may be looking at a very very slow or no growth period for years. Which is worse? Depends on how your positioned.

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