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Bill Fleckenstein predicts the inflation -- and pop -- of a U.S. housing bubble, in 2003.
Fleck looks back on two turbulent years in the market.
But at some point, the dollar's decline will have a negative impact on equity prices.
Kodak's announcement hurts precious-metals stocks, but there's a bigger picture.
Now is when folks should be thinking about potential problems.
Today's tumble spoils the recent action in Internet stocks, Chinese stocks and other wild cards.
We still lack a job-creation engine that would make a recovery self-sustaining.
The Treasury secretary lobbies for a weaker dollar, but he should be careful what he wishes for.
If our currency comes under attack, it will be the end of the party for the stock market, and will pose problems for fixed income as well.
This isn't Grasso's first run-in with compensation issues -- look at his experience at Computer Associates.