Whew! that was a close one!
The cover of this week’s Economist refers not to the US Equity markets, but instead to the Housing / Real Estate market.
"Despite the rattled markets, the world economy is still relatively strong. Just don’t bet your house on it"
Let me remind readers The Economist, an otherwise fine periodical, just about bottom ticked the telecoms in Summer 2002.
The full article can be seen here: The great telecoms crash ($)
Bears in the woods
The Economist, May 25th 2006