tag:blogger.com,1999:blog-2335748440449035592.post4428350425050063742..comments2007-12-23T23:45:11.941-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-5154614846802425882007-12-23T23:45:00.000-05:002007-12-23T23:45:00.000-05:00Thanks for the link. Yes it will catch up beginning next year. I feel very confident about most of my economic views playing out. But how it affects the stock market is all our guesses.... with so much liquidity being created, and all the money from the Middle East and Far East, and no other avenues (real estate continues to fall next year, and bond yields no where near even returning inflation levels) equities are the default (along with commodities). So if you are a believer in "money has to go somewhere" perhaps its equities. That said, until earnings estimates for 2008 come down its hard for me to get too bullish overall. So far only financials and retail has really taken a hit. I expect this to spread to a lot of other parts of the economy in 2008... but perhaps with world banks determined to not let the business cycle play out as normal, we just have a world of raging inflation along with raging stock indexes. Great for investor class; bad for working class. We shall know a lot better by next Christmas what path we are going down.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-21273137444675126982007-12-23T21:41:00.000-05:002007-12-23T21:41:00.000-05:00News cycle catches up to you again.<BR/><BR/>http://biz.yahoo.com/ap/071223/credit_card_crunch.htmlcm202bchttp://www.blogger.com/profile/01223048799754759550noreply@blogger.com