Introduction
Imagine this situation: All of the media outlets have gone to commercial-free coverage. They are reporting that the Dow has dropped 2,000 points and trading has been suspended on Wall Street.
The Chinese, along with other countries have transferred their reserves from the US Dollar. Oil futures climb $50 a barrel in hours. A national bank [...]
Entries Tagged as ‘Uncategorized’
September 9, 2009
The other shoe is about to drop – preparing for uncertain times
July 17, 2009
No Economy left to Recover
Can The Economy Recover?
By Paul Craig Roberts
July 15, 2009 “Information Clearing House” — -There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy.”
The “New Economy” was based on services. Its artificial life was fed by the Federal [...]
July 13, 2009
Commercial alarm: Mall, office building owners defaulting as loan rates double
By ALAN ZIBEL
The Associated Press
Sunday, July 12, 2009
WASHINGTON — Owners of shopping malls, hotels and offices are defaulting on their loans at an alarming rate, and the commercial real estate market is not expected to hit bottom for three more years, industry experts warned Thursday.
“The commercial real estate time bomb is ticking,” said Rep. Carolyn [...]
July 13, 2009
Doom in the Wall Street Journal
This doomer forecast is surpringly from an article by Peggy Noonan on the utter inadequacy of Sarah Palin as featured in the WJS.
“Here’s why all this matters. The world is a dangerous place. It has never been more so, or more complicated, more straining of the reasoning powers of those with actual genius and true [...]
July 13, 2009
When Will The Recovery Begin? Never
When Will The Recovery Begin? Never
by Robert Reich
The so-called “green shoots” of recovery are turning brown in the scorching summer sun. In fact, the whole debate about when and how a recovery will begin is wrongly framed. On one side are the V-shapers who look back at prior recessions and conclude that the faster an [...]
February 15, 2009
Officially “Out Of Control” – Jim Sinclair
Posted: Feb 14 2009 By: Jim Sinclair
Dear Extended Family,
I sent you a certain few emails that I consider to be the most important communications issued in my career that started in 1958.
I am the son of what I know to have been the greatest Lone Wolf trader in Wall Street history ever, Bertram J. Seligman. He [...]
January 28, 2009
Peak oil? Global warming? No, it’s ‘Boomsday!’
Five reasons ‘population explosion’ is world’s biggest economic problem
By Paul B. Farrell, MarketWatch
Here’s how an exploding population will remain the key variable driving all other major economic issues in the next four short decades:
1. Global wars … over food, water and energy
Five years ago Fortune reported on “The Pentagon’s Weather Nightmare.” Yes, from inside our [...]
January 1, 2009
Experts Estimate 200,000 Stores Will Shut in 2009 as Recession Deepens
Retailers were hoping against hope that door-busting sales could salvage the holiday shopping season. It didn’t happen.
The recession and factors like bad weather over the last two weeks contributed to the slowest retail holiday season in 38 years. With such dismal shopping numbers, Strategic Resource Group estimates that 160,000 stores will have gone out of [...]
December 29, 2008
Forecast for 2009
by James Howard Kunstler
Introduction
There are two realities “out there” now competing for verification among those who think about national affairs and make things happen. The dominant one (let’s call it the Status Quo) is that our problems of finance and economy will self-correct and allow the project of a “consumer” economy to resume in “growth” [...]
