Reuters/University of Michigan index of consumer sentiment, due Oct. 26, may have dropped to a one-year low this month
Sam Adelton
Oct. 21, 2007

Consumer sentiment index is plummeting with the housing slump and is ready to officially declare that a nasty recession is here due to fiscal mismanagement.

The credit card is ballooning. The credit cards a have issue silent notices to their card members that unless that do not opt out, their interest rates will increase 40% more on what they are paying. If they decide to opt out with a letter, they will lose all airlines miles and other incentives accumulated and the account will be closed.

The car sells are plummeting. The consumer outlays are coming to halt. A chilling Christmas waits the retailers.

Never before recession came with such overburden of debt. The recession can very easily slip into a depression-giving rise to deflation like never seen before.

UPS guidance, residential real estate price fall, rising bankruptcies – all point to a nasty recession – why is stock market so confident?
Alex Brown
UPS guidance, residential real estate price fall, rising bankruptcies – all point to a nasty recession – why is stock market so confident?
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History repeating – the classical disconnect between middle class common people and the rich shows a big bear market in stocks is here
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Simply put, when the economy divides into two halves – the rich and the rest, the stock market and the economy goes into a downward cycle driven by the deflation.
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Stocks poised to rally - Richmond Fed Manufacturing index shows moderate growth – bullish for the stock market
Kirsten McLauren
The stock market is poised to rise from a moderate growth signal from the Richmond Fed Manufacturing index. The dollar is also showing bullish signs. Fixed income securities will correct its recent explosive moves.
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Oil, gold, and stocks all on the retreat as liquidity and credit market troubles continue the financial meltdown slowly but steadily
Partha Chatterjee
These speculators put all the money they made from the Bush tax cut in speculating on oil, stocks, gold, and real estate. All the four profit instruments are collapsing.
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Reuters/University of Michigan index of consumer sentiment, due Oct. 26, may have dropped to a one-year low this month
Sam Adelton
Never before recession came with such overburden of debt. The recession can very easily slip into a depression-giving rise to deflation like never seen before.
READ MORE>>

Better than expected durable goods order can help dollar rally this week
Karen Zuba
The US Dollar chart is showing signs of bullishness while every other fundamental is looking bearish like never before.
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Plummeting home sales ready to taker rates and the market lower
Leena Jacobs
Home sales in the U.S. dropped to a seven-year low in September. Consumer part of the economy counts for 70% of the overall economic activities.
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