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Economic Outlook 2008: Darkening Clouds

January 2, 2008
'View of Dresden at Full Moon' (1839) by Johan Christian Clausen DahlPresidential election years usually are not recessionary but next year will be an exception. Several economic factors are colliding in an almost perfect storm to markedly slow the general economy and the stock market. Unfortunately, we will not be able to "inflate" our way out of this recession this time. We will simply have to take our lumps and let market forces liquidate the bulk of the malinvestments caused by the unprecedented Greenspan money bubble. This liquidation process will not be pretty but it is necessary to restore a sustainable economic recovery in the years ahead. FULL ARTICLE

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