I hope to go over:
The myth of the soft landing;
Various sectors under pressure;
S&P500 earnings to be impacted by lower Oil
Should be fun!
UPDATE: September 22, 2006 10:23am
Was it just me, or was I speaking way too quickly?
With so many economic sectors turning down — Transports, advertising, semiconductors, retail, banking, its hard to see how a soft landing happens.
And no, that was not sugarcoating it . . .
Yesterday’s NYT had an article about wealth that fell into several of the usual traps of this discussion. To his credit, David Leonhardt looked at a few aspects of the question. He did not manage to avoid two of the major traps when it comes to this discussion — the two sided nature of any…Read More