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Revisiting my predictions for 2008

At the end of July, I wrote a post of my top ten predictions for the remainder of the year. A third of the way into things, my predictions are looking pretty good...so far. I said:Oil prices will dip below $100 before year-end.Inflation…

Europe is next

As you could probably tell -- from all the stories I have been writing about the Baltics, Denmark, Sweden, you name it -- I believe that Europe is the next leg down in the global housing bubble. As such, it will pay to focus as much…

Oil to sink to $100

Oil at $100? That's certainly my call and I'll stick to it. So far my call of oil peaking at $150 is holding.( We'll see for how long). On July 9th, after oil's first pullback to $138 I said:Yesterday, oil fell the most in one day since…

Outlook for Spain: Recession

The well-deserved euphoria over the European Championship in football has brought welcome relief to Spanish consumers, weighed down by a slow economy. However, global economies have not decoupled from the U.S. slowdown. European economies…

Spain: Next Stop – recession

Spain is perhaps the next domino in the global credit bubble to fall. The UK economy is slowing as well, but the pace of slowing in Spain is truly remarkable.According to Spanish-language news reports I have seen today (see Round-up),…

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