Sunday, December 16, 2007

Meryl Lynch Recession Odds at 100%

Meryl Lynch forecasts a recession in the next 12 months with 100% probability. They were correct in predicting the 1991 and 2001 recessions by using this method. Former Fed Reserve Chair Alan Greenspan has raised his odds from 30% to 50%.

If we hit a recession and the Fed continues to lower interest rates (which will continue to lower the dollar), we have an even higher probability of a world wide economic crisis and possible collapse. Be advised.


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