Based on my 30 years global ecoomic cycles, asset price bubble burst, I warned on this blog last Sept that US housing market price slump will drag US into recesion and bear market correction. 2008 till summer, despite any rate cuts.
We are just at the very early stage of recession, as Dow Jones index has not feel any pain, sstill stay in bull market rally.
Economists, analysts are overoptimistic about this recession, it has not seen the worst, whrer we may have
-2 % GDP in the second quarter
and 1.5 % in the second half.
Comment byWarren Huang - February 7, 2008 at 11:57 pm
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We are just at the very early stage of recession, as Dow Jones index has not feel any pain, sstill stay in bull market rally.
Economists, analysts are overoptimistic about this recession, it has not seen the worst, whrer we may have
-2 % GDP in the second quarter
and 1.5 % in the second half.
detaisl can be found on
www.osawh.com/Fedcrisab.htm and
www.osawh.com/mortdefa.htm
and
www.osawh.com/fund2008.htm