Corrections or Bear Markets in Asset Prices, Part II
Jul 7th, 2006 | By Whiskey Contributor | Category: Macro Economics
YESTERDAY'S EDITION is a long-term forecast. Near term, I envision a scenario whereby credit growth slows down and the economy moves into either a very low-growth or recessionary phase.
Why? Since US debt growth has driven asset prices higher in the last few years and allowed US households to extract funds ...read more
