This is an article that needs to be read in detail. This is coming and there isn't anything you can do to stop it. What you can do is prepare yourself for it. My thoughts are, if you can see it coming, then read up on the Wiemar Republic of the 1920's Germany. This is what's coming our way folks. And the " Tools " on the hill will not, cannot stop it, the dominoes are in play.
"Nearly two-thirds of Americans believe the economy has yet to hit bottom, a sharply higher percentage than the 53% who felt that way in January," according to a recent Wall Street Journal poll.
A growing and vocal minority of economists believes that there will be a double-dip recession primarily because of the intransigence of high unemployment and the rapidly faltering housing market. The notion of a "jobless recovery" has been around since the recessions of the 1950s and 1960s. It is a concept built on a relatively simple idea: employment lags during a recession but it is always part of a recovery cycle. Production rises as businesses see the end of a downturn and anticipate improving sales. They are reluctant to hire new workers until the recovery is confirmed, but once it has been, hiring picks up.
Monday, August 16, 2010
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