Wednesday, February 20, 2008

Andrew Clavell explains why credit is tanking but not stock

The guy is razor sharp:
Put simply, credit markets anticipate, and equity markets confirm, recessions.



DISCLOSURE: I am short US.RECESSION.08

UPDATE: Paul Kedrosky links to this nice graph of 2008 GDP forecasts over time:
Posted by Caveat B at 11:33 AM

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