These people need to take a deep breath and relax. This whole situation has reached something akin to mass hysteria. They have scared the citizens to death. It’s time to allow them to absorb the situation, and start entering the marketplace again. All these gloom and doom predictions are going to do, is cause folks to tighten up tighter than a clam’s ass, which will destroy any chance at a recovery.
If the global MSM couldn’t report for about 180 days, I think the global economy would be a lot better for it.
But the Government must create a sense of panic and hysteria, otherwise they wouldn’t be able to pass their thievery.
yitbos
Savings in Q4 finally went to a positive +2% and retail sales dropped around 10% because we went slightly positive. I don’t think the media is the one that caused the ridiculous debt bubble of the last 10-12 years or the one that encouraged banks to leverage up 40+:1. The media is maybe 5% of the problem. If you look at the stock movement of the major bank collapses you can see the stock move way south usually a week or two before the media catches on—the insiders are talking.