Tokie Was Wrong! Economic Disaster Looms!
From Wofgang Munchau, Economic Times (emphasis Tokie's to poke fun at the fearmongers and monstershouters):
I would expect the credit crisis to get worse before it gets better, that persistently high inflationary expectations will place constraints on central banks and that there will be no dollar crisis.
From John M. Berry, Bloomberg News
Given the turmoil n financial marketsts, the risk of recession is hardly zero. Nevertheless, the current state of the economy simply doesn't show the signs usually associated with one...
Many of the forecasts calling for a recession are based on an assumption that large losses associated with subprime mortgages and the securities backing up by them will force banks to reduce lending big time...(t)here are scant signs of that happening.
Tokie
Last edited by Tokenconservative; 01-03-2008 at 02:16 PM.
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