Posted on 11/22/2008 5:09:38 AM PST by TigerLikesRooster
Dark days see warnings of worse to come
By Alan Beattie in London
Published: November 21 2008 17:03 | Last updated: November 21 2008 17:03
The weekly newsletter sent out on Friday by Fathom, a London-based economic consultancy, said it all. “It’s getting really ugly out there,” it said. “It may be true that we have passed the first phase of this crisis, but that does not mean the next phase will not be worse, perhaps very much worse.”
The investors reading those dire warnings will already have spent their week seeing a heap of evidence piling up that the economic crisis is spreading around the world. Record after grim record was broken in the financial markets, as long-term interest rates sank to their lowest for decades, in some cases their lowest ever.
Any lingering hopes that some parts of the world economy, particularly the fast-growing emerging markets such as China, would remain immune to the crisis were snuffed out. With remarkable speed in the past two months, a worrying but apparently manageable credit crunch has turned into a global financial crisis and a recession across much of the world’s economy.
(Excerpt) Read more at ft.com ...
This is the most telling sign of drowing victim grasping for a straw. Chimerica, the unholy union of China and America, has to die. Each participant in this union was banking on the unsustainable scenario.
Ping!
Thanks for all the posting you do that brings us a version of the news that the US media hides from us.
I don't think such a game is at play now. If it is, it would be suicidal.
All the doom and gloom is because the vast majority of people are sheep. Those who were predicting financial crisis even two years ago were openly mocked. Now its become “mainstream opinion”.
Hang on to your seats fellas, it is starting to look like this really is going to be a bumpy ride.
Oddly enough, I hope to keep my internet service, even if only dial up when things get tough. I want to be able to get information. That is until Obama sets up the black box like Australia just did and UK is trying to do and monitors everything we do.
Remember, this was propogated with the Dems and their: Drill....NEVER--------COAL....NEVER-------
All we got out of them was WIND-----HOT AIR.
And they ruined a whole segment of the economy with the corn for fuel fiasco. Bunch of....well, you know...
And, Bush and McCain were among those warning that the bad loans could cause these problems.
Our nation can get through this. There is no question of that.
The question is how long will it take,, how long until real Americans stand up and say “Enough!”
There will always be business to do. There will always be houses to build. If government can be made to get out of the way,, things can turn around very quickly. It doesn’t matter if the rest of the world is crumbling,, as long as America remains free and strong. The world will eventually follow or be lifted by the rising tide of America.
The rallying cry of the all the future Republican candidates needs to be “Repeal and Eliminate!”
Repeal bad laws! Repeal taxes! Repeal regulations! Eliminate waste, fraud and unneeded government departments!
I don’t want to hear about some new law! This country does not need a single new law,, except for one,, I will give you!! Tort reform!
Wouldn't be surprised if ALL NETWORKS will carry a weekly Presidential Address...and NOTHING else can get through on your TV.
We definitely are seeing deflation right now. How long it will continue is the $64,000 question.
Our deficit is becoming a drag and if Obama gets what he wants in terms of fiscal policy, will be a much bigger drag. At some time, perhaps within the year, our bond ratings could be cut and that will have a significant impact on the US. The solutions will be more taxes, stop spending, default or devalue the dollar.
Stopping US gov't spending aint gonna happen!
If the dollar is devalued, inflation is certain to set in.
Sac, you know, I think you may be right. That digital is more of a way to control what goes out over the airways than just improving technology.
I may keep an old TV set for some piracy underground communication. And I’m not joking.
I also think I want to invest in a Ham radio except I wouldn’t even know how to start to buy one, much less operate one.
I think one of Bush's biggest failures was that he didn't use his bully pulpit to communicate with the American people. He "made nice" with the Dems too often.
“How long it will continue is the $64,000 question.”
Don’t you mean the $64.00 question?
LOL!!! -- Good one. I needed a laugh this morning!
They said I already had two. Okay..I believe they scan your name, the box ID...the whole ball of wax...Trust me, they are "with you"...
Kinda same thing as the internet...People find you...You're a name, an account, a SS no, an address...And ten to 1....GPS is attached to every unit.
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