Dominoes Falling

Predicting Recessions: Identifying Reliable Sources

Obviously the bulls have reviewed the bears arguments and disagree but how do you explain the 50% decline in the housing stocks all the while the bulls are denying the dominoes lining up as predicted by the bears. How do you stop the dominoes of reverse wealth effect, mortgage resets, the solvency credit crunch and tighter credit with higer rates, the elimination of MEW (mortg. equity withdrawal), fewer leverage buy-outs and corp. buy backs, less foreign buying of any mortgage products, the falling dollar, less yen carry-trade, etc.etc. etc.