Going deep....

IMF is telling us: The global economy should turn in an energetic performance this year, even though its biggest player, the United States, is expected to experience its weakest growth in five years.

This is wishful thinking! The real estate and mortgages issue in US, will spread in a major way. Even the IMF will assume that risk: Although there have been some "tentative signs of stabilization" in the troubled housing sector, the "housing correction still has a way to run," the IMF said. "A turnaround in residential construction is still several quarters away."

In a scenario like this, IMF speaks in a world economy growing at 4.9%. This is bullshit! Especially, if we look to the main driver's growth:

• The U. S. economy is expected to grow by 2.2 percent this year.
• In Europe, the IMF is projecting Germany to expand by 1.8 percent this year, an improvement from a previous projection of 1.3 percent growth.
• Britain should see economic growth of 2.9 percent this year.
• Japan, meanwhile, continues to recover from a decade-long stagnation. It is expected to post economic growth of 2.3 percent this year.

The emerging markets are doing well, but their weight is not so big in the world economy:

• China, is expected to log blistering growth of 10 percent this year.
• Russia is expected to see economic activity increase by 6.4 percent this year.
• India, which grew by 9.2 percent last year, will moderate to 8.4 percent this year.

How could it be possible, to grow 4.9% in 2007?

Are we near a new war?

In an economy, there are some sectors that benefits from war, like: equipment manufacturers, from planes to boots, from food to fuel!

Iranian - British fight because of waters, it is reminding us about some old memories:

• The kidnapping in mid-March of 15 British sailors, and the parading of them on Iranian television, was first played down by the British government, in an effort to encourage Iran to set them free without losing face. Now the situation is beginning to look more like the American-hostage incident in 1979, when over 60 Americans were held in their diplomatic mission in Tehran, Iran’s capital, by Islamic extremists.

We are near a possible war, after this remark: President George W. Bush said Iran's seizure of 15 British sailors and marines in the Persian Gulf is ``inexcusable'' and the U.S. stands behind the U.K. government in its attempts to resolve the standoff.

Stocks to watch, especially in a bear market: Lockeed-Martin, Boeing, Northrop, Exxon-Mobil, Chevron and gold!

But, we will continue to watch internet stocks and healthcare business.