dgoranssons - herd management thursday, page-215

John2222 - In response to "Still waiting for someone to explain how the macro situation has changed of late."

In fact nothing has changed except there has been confirmation that things are not running too smoothly.

The Fedex report was a real killer particularly from a bellweather logistics company - check out the Dow Jones Transport average. Fedex commented that a decline in Asia was attributed to China.

Secondly the other Fed, through big Ben, did not paint a rosy picture. Furthermore the market was expecting further stimulus which was not forthcoming. Combine that with Europe and a dysfunctional Washington and we have this toxic financial and political environment.

Here is Roubini's take on the current situation quote "Recession Is At This Point Unavoidable, And It Could Be Worse Than 2008" at the following address.

http://www.businessinsider.com/roubini-recession-is-unavoidable-2011-9?utm_source=twbutton&utm_medium=social&utm_campaign=moneygame