While this is serious, have a laugh and read this article, thanks.
Warning, bear market 2010: 11 'sells.' Only 6 'buys'
New Normal: Bankrupt nation. Deflation. Zeros. Junk. No jobs. Depression
'Yes, it's going to get worse, a whole lot worse ... Bill Gross warns this is the "New Normal. Forget 10% returns. Think 5%". ... Economist Larry Kotlikoff, author of The Coming Generational Storm, warns: "Let's get real. The U.S. is bankrupt. Neither spending nor taxing will help the country pay its bills" ... Economist Peter Morici warns: "Unemployment is stuck near 10%. Deflation coming. Stock market threatens collapse.
The Federal Reserve and Barack Obama are out of bullets. Near zero federal funds rates, central bank purchases, a $1.6 trillion deficit have failed to revive the economy." ... Simon Johnson, co-author of 13 Bankers, warns: "We came close to another Great Depression, next time we may not be so lucky." Why? Because Wall Street's already well into the next bubble/bust cycle -- the "doom cycle".'
Go to read more:
http://www.marketwatch.com/story/its-going-to-get-worse-a-whole-lot-worse-2010-08-17
Friday, August 20, 2010
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