- 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
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: