Look, I think there is more to this resesssion than you and I think. It just may be that it only is starting now and the real thing won't be seen until later this year. No one knows! Clearly, many businesses won't be able to borrow as much as they once could when they start refinancing. Many individuals may not be able to borrow as much as they once could. It is a slow process, but I think that unemployment is rising, and next month we are up for a shock. The bigest time bomb is the property market. I believe it is the bigest buble of them all,and it has not really bursted. When this happens, may be early next year, we all will be affected, and that is when the "D" word will come to mind once again.
FXJ Price at posting:
$1.13 Sentiment: LT Buy Disclosure: Held
