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« Core Inflation: What Is It Good For? | Main | Jeffrey Pfeffer Understands the Trial and Error Economy »

July 21, 2007


Michael Corley

This should not be skepticism, but rather surety that there will be a recession. The time and place is yet to be determined but I would be slow to buy into the market until the first Great China Banking crisis occurs. It will be a second Asian market crisis, just watch and see. That is a sure promise... it comes with development in EVERY nation. Every nation which is developing has its own wake up call for their banking system which ultimately translates into a serious recession. Everyone wants to go to heaven but no one wants to die.

Michael Corley

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