Economic Commentary:
We are going to witness two spectacular events in 2007. The first is the rapid melting and break up of the polar ice cap. Not to worry. Real estate speculators and developers will show up in the Artic with every new fissure and start building homes on the newly uncovered land. Polar bears and toaster ovens will be given away as bait for the unwary homebuyer. The other event is a spectacular train wreck in the capital markets. In his Forbes Sneak Peek 2007, (12.31.06), Brett Nelson warns about one part of this train wreck. ?The private equity market will implode, initial public offerings crater and venture capitalists go on an Excedrin diet.? Nelson sees the potential for one fast moving train of private equity coming into the switching yard at full speed. There are at least 4 other trains headed there at the same time, all loaded with a witchs brew of nitro glycerin.
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