Bears in Jackson Hole

Most of the bears in Jackson Hole, Wyoming, are on Bloomberg television, not in the nearby mountains. The financial station has a non-stop parade of downbeat economists from the Fed’s annual event, including Goldman Sachs’ William Dudley, who is calling for a sharp economic downturn late this year, significant declines in real estate prices, and rate cuts by the Fed in 2007.


  1. “Wall of Worry” => good for 2007?
    Projection from the Wall St. economists, hoping for lower rates?
    Either way, good news for us!