Thursday, November 30, 2006

Hard landing...?

How about the Crash of "Civilizations"? More
evidence on that in a future post.
When you add it all together on the demand side and the supply side it comes to a 0% growth for Q4. Hard landing and recession are ahead for the US economy and the wishful thinking forecasts of the consensus that growth will sharply recover in Q4 from the anemic Q3 level are being shattered every day as the onslaught of bad macro news increases by the day.
If you're interested in the numbers, take a look.