Double dip?

Don’t say I didn’t warn you. I’m not saying I have any special powers to predict the future. In fact, who knows? Maybe the economy will come roaring back tomorrow. But here are a few data points that say otherwise:

  1. You don’t have to like Tony Robbins to watch this video. He makes a good argument that we might be facing another down-term before things get better.
  2. Texas July home sales collapse.
  3. George Soros slashed his exposure to US securities.

I’m just saying, don’t put all your eggs in one basket. Be prepared for a setback in the economy.

Tags: economics