Are we about to see a repeat of 2008 (or something even worse)? Suddenly all kinds of people are coming out of the woodwork and warning that we could be on the verge of the next major financial collapse. Of course many economists and financial pundits just enjoy hearing themselves talk, and sometimes they will make outrageous claims just to get attention, but when so many ominous warnings come out all at once it does tend to make one sit up and take notice. The truth is that global financial markets are even more vulnerable today than they were in 2008, and all over the globe we are seeing trouble signs. Japan is trying to recover from the worst natural disaster that they have ever seen and they are dealing with a nuclear crisis that never seems to end. The Europeans are trying to put another bailout package for Greece together and about a half dozen more European nations that are drowning in debt will need bailouts after that. In the U.S., there are all kinds of signs pointing to the collapse of the economy and the politicians in Washington D.C. continue to "kick the can down the road" and hope that our economic problems will somehow fix themselves. Oil prices are incredibly high and turmoil is sweeping the globe. Conditions are certainly developing that could bring about a "perfect storm" and cause another global financial collapse.
The following is just a sampling of the financial warnings that we have seen in recent days from some prominent voices....
*Economist Nouriel Roubini: "I think right now we're on the tipping point of a market correction. Data from the U.S., from Europe, from Japan, from China are suggesting an economic slowdown."
*Jim Rogers: "I would expect to see some serious problems in the foreseeable future….By 2011, 2012, 2013, 2013, I don't know when, we're going to have an economic slowdown again."
The following is just a sampling of the financial warnings that we have seen in recent days from some prominent voices....
*Economist Nouriel Roubini: "I think right now we're on the tipping point of a market correction. Data from the U.S., from Europe, from Japan, from China are suggesting an economic slowdown."
*Jim Rogers: "I would expect to see some serious problems in the foreseeable future….By 2011, 2012, 2013, 2013, I don't know when, we're going to have an economic slowdown again."
These I'll Guidya Republicant terrorists are ruining this country, voting against the debt ceiling is akin to domestic terrorism, time someone called it like it is.
ReplyDeletePoliticians will say anything to get elected, and once elected then it's everything will be fine and look on this hand while I screw you with the other hand. Oldest trick in the book.
ReplyDeleteDumb financial pundits just follow the trends. They're like blind mice after a crumb of cheese. Oldest profession aside from hookers.
Don't blame just the Tyranny-Rex Republicans, blame the tax and spend Commi-O'Tards as well.
They may all predict it, but that's just because some of them want to take hedge on the falling titanic hoping they will increase their earnings on the way into the the plunge into the deep ocean.
What they have not realized however is what happens after the plunge. The real disaster begins with those shouting in the water for help as the sea takes them and wipes them out of money, food, and everything else.
All you can tell these pundits is to make sure they aim straight when they're committing suicide and to make sure they are high enough when they are jumping off to their demise.
The kool-aid has really rotted their brains.
Dont call it like it is. Save me a dime every time.
ReplyDeleteLook guys, we can keep going back and forth with are seesaw, only now we might come to see it for what it is.
Leaders of both nations caused us to hate each other. Time we return to the Light.
Honestly, we need a new plan. We need to stop taking land that doesn't belong. We need to stop burning forests and mines. We do need to protect our frontiers against Mexicans, however.
Aside from the above, America will survive.