Tuesday, September 23, 2008

Long Term

This is the reason I am long term bearish. If you don't want to read the summary of the article, here is my summary of the summary:
  • GDP to take a hit from likely moves by state governments to cut costs
  • over 12 percent of the U.S. GDP is driven by government spending
  • consumer under more pressure, credit card debt may grow
  • home prices to ultimately be at least 25 percent lower
  • unemployment rate, is headed materially higher
I don't know WTF is wrong with my bullets. Any help from anyone?