22 Feb 2008

Posted at 16:32h in The Friday Brief by
Search for the bottom in the housing recession continues, leading indicators are falling, the auction market has dried up, Oil breaks $100, Gold is reaching new highs, and the job market is cooling. Unfortunately there is little evidence to support the thesis that we will miss a recession other than the continued strong momentum in Asia and theMiddle Eastmay pull us out of this dive with the help of lower rates and government stimuli.