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Let's see... here's where the US is as we speak:
1. Admission from Fed that we've been in a recession since Dec 2007.
2. The Fed cut interest rates AGAIN today. The target interest rate is now 0% - .25%! Can we really make money this way?
3. Evidence of deflation entering into the fray. No one believed we were in a recession, but they better be weary of the deflationary signs.
4. Banking bailout
5. Auto bailout (they'll still wind up getting something)
6. $50B ponzi scheme right under the nose of the SEC. More losses for banks.
7. Relative retail sales at its lowest in more than a generation.
8. On going military support in Iraq
9. A new afghan offensive coming
10. Double digit unemployment foretold of this week
So, I ask... where do you think we'll be this time next year?
1. Admission from Fed that we've been in a recession since Dec 2007.
2. The Fed cut interest rates AGAIN today. The target interest rate is now 0% - .25%! Can we really make money this way?
3. Evidence of deflation entering into the fray. No one believed we were in a recession, but they better be weary of the deflationary signs.
4. Banking bailout
5. Auto bailout (they'll still wind up getting something)
6. $50B ponzi scheme right under the nose of the SEC. More losses for banks.
7. Relative retail sales at its lowest in more than a generation.
8. On going military support in Iraq
9. A new afghan offensive coming
10. Double digit unemployment foretold of this week
So, I ask... where do you think we'll be this time next year?