Friday, November 13, 2009

in blows the perfect storm

from CNN Money: double dip warning signs

A quick synopsis of these "things that could throw us back into recession".
1. If job losses continue deep into 2010.
2. Flat 2009 Christmas retail sales.
3. Oil in 2010 blasting through $100/barrel threshold.
4. Another year of weak auto sales.
5. Further foreclosures and further downward momentum on home prices.
6. another Bear Market... 20% price drop.

We're in recovery mode, but it's a shaky, fragile thing that can be taken down like a house of cards.

And Big Daddy has already shot his load.

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