Skip to comments.Suddenly Everyone Is Warning About The Next Financial Collapse
Posted on 05/31/2011 9:50:10 PM PDT by Kartographer
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."
*Mark Mobius, the executive chairman of Templeton Asset Management's emerging markets group: "There is definitely going to be another financial crisis around the corner because we haven't solved any of the things that caused the previous crisis."
*David M. Blitzer, Chairman of the Index Committee at S&P Indices: "Home prices continue on their downward spiral with no relief in sight."
*Jeffrey Gundlach, CEO of DoubleLine Capital: "I think we're looking at some type of echo in the credit crisis coming up here. That's what I'm afraid of."
*Carl Icahn: "I do think that there could be another major problem. Now, will it happen next week, next year, i don't know and certainly nobody knows, but i don't think that the system is working properly. I really find it amazing that we're almost back to where it was, where there's so much leverage going on in the investment banks today. There's just way too much leverage and way too much risk-taking, with other people's money."
(Excerpt) Read more at benzinga.com ...
For those who havent prepared and would like to start or for those that have and are just interested you may download my Preparedness Manual at:
As the LDS say When the emergency is upon us the time for preparedness has past.
Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3
It’s not suddenly.
Lots of people have been saying this for some time.
Screw the commodities! I have so many potatoes and cabbages growing this year, all I am missing is the gulag...
If we don’t eat them all we can always make vodka. If you stop by the house, bring your own shovel....
Those guys are pikers.
When Jim Thompson says it’s bad I’ll believe it.
Nouriel Roubini and Jim Rogers have been on this since before the meltdown. They are not Johnny come lately’s to this thinking. A lot more have been on this as well. The difference now that has the news finally bubbling up to the public is that the MSM can’t hide the truth anymore. Things are so blatantly bad, they don’t know how to hide it. It is about time.
Even this dude is warning about it. It’s bad, you know.
For those with little outdoor space.
“How to grow 100 lbs. of potatoes in 4 square feet.”
And anyone who doesn’t have “stuff” on hand is going to be sorry. Unavailable, very expensive, junk quality, not your size, etc. Things you can make are one thing (for instance, I have yards and yards and yards of many kinds of fabric, sewing supplies, sewing machines including foot pedal) but shoes? I can’t make shoes. Socks are hard too.
You think that is scary, watch this.
THE DECLINE: The Geography of a Recession
True there is so much that isn’t even made here in America any more like shoes that ther could be shortages for sometime until the balance of things are restored.
Has the president ever taken Econ 101a and b? Who was the professor? What were the textbooks? What were his letter grades?
Proof in the form of official transcripts would seem appropriate.
That implies this was unexpected, considering the prices of commodities and the trends, I'd say this was expected.
In before the living in fantasyland naysayers.
Good sound advice.
I’ve heard that the price of cotton has even gone up some.
We’re looking at cars and the guy we’ve been going to says the used car market is going crazy. They’re way up in price because of demand.
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