| We've had the "head fake" as 2008-2009 took | | | | happening. They have Katrina quality rescue skills." |
| the markets to incredible lows up to March 9, | | | | And if you remember, those skills weren't all that |
| 2010. And then everything turned around. I said | | | | great! So, what are the bullets that are seemingly |
| way back then that there would be no | | | | being fired at us? |
| DEPRESSION as we've come to know the | | | | >Record home foreclosures (an estimated |
| definition of the word: however, a very strong | | | | 4,5000,000 in 2010). |
| down turn (deep recession) was definite. And so it | | | | >Homelessness (even temporarily) or in |
| was. But now everyone is on the RECOVERY | | | | transition from foreclosures involves 18,000,000 |
| band wagon. I don't believe it and neither do a lot | | | | people. |
| of people much smarter than me. | | | | >Extremely high unemployment and or |
| So, let's move from my last economic | | | | underemployment 20-25% or about 30,000,000 |
| commentary (The Cardinal Climax) thanks to | | | | people. |
| Arch Crawford and move along with the like of | | | | >Soaring debt causing the top five AAA-rated |
| Gerald Celente (maybe even George Soros) and | | | | nations to be in trouble: big time. |
| others who aren't so cheery about tomorrow. | | | | >The Euro and Greece particularly are in deep |
| Federal Reserve Governor Kevin Warsh told an | | | | RED trouble with Japan in bad shape as well. |
| audience on Friday that the U.S. economy is in the | | | | So, after pumping TRILLIONS of dollars into the |
| midst of a cyclical recovery and that there are | | | | world economic coffers, very little has happened, |
| "encouraging" signs of improvement in financial | | | | other than a temporary rise on the Dow and |
| markets. Many other governmental and media | | | | other markets. Take your profits and run. The |
| talking heads have uttered similar pronouncements | | | | party is about over. As tradition has said, "Sell in |
| about a "recovery" which will put the U.S. | | | | May and GO AWAY". Maybe you should avoid the |
| economy back on track. But are we really | | | | stampede and make some moves to the door in |
| experiencing a recovery? | | | | late April? |
| I sure hope that I am wrong but here's what I | | | | Did I mention California is bankrupt and that many |
| see on the horizon and with so many options how | | | | states and local governments are in deep |
| does one escape the myriad of possibilities. | | | | doo-doo? |
| Gerald Celente says, "The crash of 2010 is going | | | | All of this says nothing about the potential and |
| to happen as we are forecasting. All the stimulus | | | | predictions of: six massive earthquakes yet to |
| money from around the world is drying up and | | | | come in 2010, a global food shortage (could the |
| what are they going to do for an encore? You | | | | Iceland volcanic activity be a reminder?), and of |
| can't print your way out of this. So whether it's | | | | yes, isn't there something about the lead up to |
| China, India, the UK, Japan, at some point the | | | | December 21, 2012 that's not promising as well? |
| stimulus game runs out and the crash happens. | | | | Of course I could just be looking at the world |
| The Federal Reserve or anybody else in the | | | | through dark glasses. |
| United States Congress isn't going to stop it from | | | | Nope, I'm not wearing glasses. |