Inflation and Credit crisis impact on bank stocks, gold price Dr. Warren Huang


Comment by Warren Huang -Wall Street Journal Market Beat June 17, 2:30 pm

I warned on this blog that investment banking , regional banks and finance, housing industries facing continued  soaring unsold house inventory,  foreclosure, credit default, credit crisis, unemployment share  prices facing 50- 70 % correction, will led to housing price slump continue into summer 2008, drag economics into recession, despite aggressive rate cuts, drag dollar lower,and soaring oil, commodities prices facing inflationary recession. Despite GS excellent performances , it is tough to fight the turbulent, uncertainties market ahead. Walmart May sale increase  are benefited by rebate check, can not be sustainable after July , and profit margin are squeezed by heavy discount, That is why Walmart postponed its store opening investment., It share price all ready peaking out. Economic stimulus will continue drive up consumers spending for food, oil, consumer products to July, supporting record oil, commodities prices and inflation. Gold price will be pushed up by oil, price, inflation and weak dollar to retest 990. details on

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