Friday, August 11, 2006

Recession?

FT.com / Comment & analysis / Comment - The world must prepare for America's recession:

"The odds that the US will slide into recession have risen since last month from 50 per cent to 70 per cent by my estimates."

Says Nouriel Roubini, a economics professor. I agree, we've been bull much to long and it is time. I personally enjoy holding short positions on stocks much more than long ones, I like watching things plummet!

This can't be good for America though, I predict that my generation and the next are going to be in for some major problems when we reach middle ages. Perpetual war, debt and virtually no savings can't be a good cocktail.

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