Recession?

Think of this:

• Fed Rate: 5,25%.
• ECB: 4,0%. Near a new increase.
• Month after month, new starts in homebuilding decrease.
• Mortgages and foreclosures, rising.
• Investor confidence in Germany, at the lower level from the last 8 months.
• Nikkei performs poor, even with a 0,5% rate of BOJ.
• Volatility is high.
• Bank stocks are decreasing everywhere.
• Commercial paper reduced dramatically.
• What else do you need for a..............