is a moderate to serious recession in America.
Good post. In a nutshull most likely in 2005.
2003-2004 has been almost a jobless economic recovery. The phony GDP growth has been strictly coming from defence spending and mortgage refi/finance. With interest rates, this time, both long term and short term on the rise, the refi/finance schema and the binge spending, will slow down considerably and what will follow is a mild to a big kahuna. China including the Asian Tigers will ultimately follow the leader.
If I may ask, where are you investing for 2005, besides yellow metal ?
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