Monday, 12 November 2007

Talk of Worst Recession Since the 1930s

Gold and silver taking their haircut today was expected. It's all noise as they will rise together very shortly. As a matter of fact today's dips will allow the advance to continue in a healthy fashion. Meanwhile . . .

Talk of Worst Recession Since the 1930s
November 12, 2007

After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market?

A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he's "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it in six months with a dramatic slowdown in the gross domestic product."

Press here for the article

No comments:

About Me

I teach Film, Media and English Lit.