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Re: Is reccession in America about to start?
Unfortunately we left capitalism and entered bananaism ('Labour era of boom 'n' Bust') a few years ago or so, so yes the correction in many markets globally may well be quite a nice downhill slide. Savy economists were laughed at then but there we go, at the end of the day everyone knew it has to go down sometime and the longer its propped up the bigger it will drop in the end. Tomorrow will bring a new boom that will end in more bananaism because we cannot learn from past mistakes and our markets as a whole rely on profiting from the misery of some.
Risk avoidance strategy: 'Dont buy during a high'.
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