The 1st quarter of this yr will tell the story. with prices of...

The 1st quarter of this yr will tell the story. with prices of commodities down sharply most resoucre companies will be very nervous about the full yr guidance.

The US banks will get hit hard and this will result in more layoffs and higher unemployment which will inturn lead to a worsening of the US housing market and prolonged deterioration in house prices.

GDP figures at the end of the week will paint A PICTURE but the real picture will play out in consumer spending which IMHO will slow resulting in lower profits.

im not nervous but i think the economic analysts have been painting a false picture for some time now. NOT EVEN THE BANKS KNOW WHERE THEIR LOSSES ARE.