Based on my 30 years tracking, simulation of last 30 years global economic cycles, asset prices bubble burst,I warned on this blog last Sept that aggressive Fed rate cuts can not stop US housing price slump continue into 2008 summer resulted recesion, US, global stcck market bear market recession, and drag dollar lower, pushed oil, commodities prices and infaltion higher, with risks of 1980 style double dip recession during 2008-2009.
Comment byWarren Huang Wall Street Journal Real time Economic Blog- February 8, 2008 at 3:27 pm
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detaisl can be found on www.osawh.com/Fedcrisab.htm
and www.osawh.com/mortdefa.htm
and www.osawh.com/fund2008.htm