The BIG STORIES of 2007 will be the on-going JOBS AND HOUSE PRICE COLLAPSE...
This despite the insane hype and happy talk now coming out of Wall Street and Tout TV and other mass media...
The FED wants the Bubbles in stocks and real estate to deflate...but it must also watch the dollar... The decline of the real economy could "help" inflation; thus keeping the FED on hold even while stocks fall... But the dollar and the twin deficits are the Hole in the Bucket that no one wants to talk about...apparently not even the FED at the last meeting!
Now some morons on Wall Street call this the Goldilocks Economy... But I say watch out Goldie here come the Grizzlies!
