Economics Update

Profits are still tanking, we now have Commerce Bank and Harley Davidson way down, and I see Harley as a real bellwether of a recession.

When middle aged guys don't feel secure enough to buy their toys, it's game over.

And we have another insurance downgrade, this time Security Capital is downgraded by Fitch.

And we have Nobel winning economist Joseph Stiglitz warning that we may sliding into a 1930s type 'liquidity trap'.