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Housing price slump, drag economic into recession continue

I warned last Sept on this blog that housing price slump continue into summer 2008, drag banking, financial, housing, IT, retails stocks into bear market correction, lead to shrinking hosuing, equities wealth, cutting into consumer, business demand, job cuts drag economics into recession.
I also warned that rate cuts and economic stimulus package will not stop housing price slump, but drag dollar lower and led to soaring oil, commodities, food prices and
raw material cost, soaring inflation and profit squeez.
drag stocks, economic into deeper recession in the month ahead.
detailsm on
www.osawh.com/mortdefa.htm
www.osawh.com/Globaloiln.htm
www.osawh.com/opthedge.htm
www.osawh.com/recession.html
Comment by Warren Huang -on Wall Street Journal Real TIme Economics April 16, 2008 at 6:38 pm

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