Economic Woes

There have been rumors on various forums and boards for a while now about an economic and stock market crash at the end of July.
Undoubtably there is more bad news to come with the pressure on Freddy Mac and Fannie Mae. It is not just the impact on these leaders, but the knock on effect on confidence this will have. All sorts of trouble and panic could ensue (the market is built on confidence, which is a sign of a bubble I suppose).
Remember the rebate cheques have be sent and spent now, so expect the news to be less positive from here on in.