Katrina, oil or greenspan comments

[HAPPY FACE]

I know futures are down because of Katrina news. But there was another big news was about Greenspan's comments regarding Housing. But I did not see at thread on that? Something unusual.

However here is the link: Housing bubble is about to burst.

http://www.usatoday.com/money/economy/fed/2005-08-28-greenspan-housing-cool-off_x.htm

 

[Riskmanager]

Short-term interest rates are rising steadily, we are approaching an inverted yield curve:

http://stockcharts.com/charts/YieldCurve.html

Watch what happened in January 2000, and then wait for the day the media whores are going to announce that short term rates are higher than long term interest rates.

From that point on, chances are high that things are gonna get nasty...