US Economy - Housing, Banks and Global Credit: The Next Leg Down Awaits

The next leg down for riskier assets is now upon us and investors should prepare themselves for further, significant declines going forward. Global equities markets will continue to descend toward their 2009 lows, as the global economy almost certainly faces a severe contraction in the coming months.

For more: Housing, Banks and Global Credit: The Next Leg Down Awaits -- Seeking Alpha