Briefcase has previously predicted that economic conditions will deteriorate, both globally and locally. It is interesting to monitor the news flow, since the bottom of the market is typically marked by unremitting gloom in the daily papers. Briefcase believes that we are yet to see this crescendo of gloom, but it is increasing and if history is any guide, it will arrive, just as the market itself begins to pick up. You should expect to see more media coverage of rising unemployment and falling house prices, which are lagging indicators of economic activity, as the situation unfolds.
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