This story here has staggering consequences for our economy.
Actually it is more of a barometer for what is to come.
Do not believe the lies being told in the main stream media.
This recession is about to take another turn for the worse.
Also the Baltic dry index has been taking a nose dive again.
That means goods are not being shipped.
This years Christmas season for retailers is bound to be brutal.
Batten down the hatches kids, the storm is about to blow in!
The flip side to all the doom and gloom?
The powers that be will have a much more difficult time
continuing to expand globalization. Mind you, the incredible,
dynamic force that is the world economy, will not collapse
overnight. This will speed things up a bit though. Couple this
with the derivative time bomb, set to implode at the end of
the government's fiscal year, combined with a softening bond market,
and we are in uncharted waters. This could make the great depression
look like romper room! Good luck. We're going to need it!
Sunday, September 13, 2009
Subscribe to:
Post Comments (Atom)
It's so many things on top of each other. It is very hard at times not to worry, not to be scared of how it will all come down.
ReplyDelete