Posted on 12/17/2010 10:34:10 AM PST by FromLori
btt
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Ditto - interested to review the responses.
bttt
“#23 According to an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail out of the profession over the next three years.”
How much credence should one give this poll?
#1 The official U.S. unemployment rate has not been beneath 9 percent since April 2009.
Almost every item on the list is like this one. How do I know this is significant? How do I know that this is evidence that a crash is closer? Is the 9 percent a magic number? Is April 2009 an important date? I'm getting a data point here, and being told that change must be really close. Exactly what leads me to that conclusion?
Although I agree with the point, the text itself is not persuasive.
But some guy on the news (several months ago) said that the recession is over? Now I’m really confused.
I'm about to inter into a business venture with a 48 year old very successful MD who just sold his thriving practice because he sees the lack of the light at the end of the tunnel in the coming years in medicine. The new venture is about as far away from medicine as one can get. A neighbor of mine, also an MD, is actively looking for greener pastures outside the medical industry. He currently works for a local hospital system as a trama doc and makes good money. It's happening......
Yep - taxes are used for paying public union salaries/benefits/insane pensions. Actual service - well, you gotta pay extra for that!
The recession is over, and is now a depression. That's the part they leave out.
Here’s another way to look at it...
“Now that all recent bond auctions have settled, and with no further bond auctions scheduled until the rest of the year, we can look at the final tally of US total debt: the number - $13,879,785,000,000. This represents a $1.568 trillion increase in total US debt held by the public for 2010, and $4.388 trillion since the collapse of Lehman.”
https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=10121500.pdf
Now think about the interest on that debt do you think that’s sustainable? Keep in mind receipts have fallen with all the unemployment and the interest rate on our debt will go higher (probably a lot higher then this article suggests).
Interest Expense on the Debt Outstanding
http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
CBO sees U.S. interest payments ballooning
*Rising interest rates to push U.S. debt costs higher
*CBO sees U.S. interest payment ballooning by 2020
WASHINGTON, Dec 14 (Reuters) - Interest payments on the U.S. debt could balloon to $800 billion a year, or 3.4 percent of the economy, by 2020 under current spending and tax laws, a congressional budget analysis released on Tuesday said.
Source..
Yea they told us the banks paid back all the money too they tell us all kinds of lies
No, The Big Banks Have Not “Paid Back” Government Bailouts and Subsidies
http://www.zerohedge.com/article/no-big-banks-have-not-paid-back-government-bailouts-and-subsidies
MA is one of the New England states.
Boston is the capital of MA.
Therefore
The Louvre is the most famous museum in France.
I’m sure you agree with my conclusion. I’m sure you won’t argue with the facts in my premises. But you recognize that my syllogism doesn’t work, right?
That’s how I feel about the list. The facts are fine. The conclusion is fine. But if you tell me that there are 6.3 million vacant homes in America – what does that mean? How does that tell me that a crash is imminent? I’m not doubting that the news is bad – but what precisely makes this evidence that we are at a tipping point?
In terms of a strong, persuasive argument, this article fails rather badly, even if the facts and the conclusion are things with which I agree. It has dots but it doesn’t really connect them.
Your right I just thought the conclusion was something we all should take to heart.
That's gibberish. The Chinese haven't 'drained wealth':, they have accepted US debt (a dollar bill is a note of debt on the US treasury) in returns for their goods and services.
The reason why the dollar will devalue very sharply in 2011 is because the US has maxxed out its debt, and there are no cheap lenders left.
When the 30Y T-bill hits 4.9% in February the currency crisis will enter its second stage and Gold will soar. I expect the dollar's buying power to hit a floor of about 20% of what it is now.
Well put. The article has no narrative.
Soared from squat% to squat.11%. If you can't afford a house at 5% interest what made you think you could afford it at 4%.
#10 22.5 percent of all residential mortgages in the United States were in negative equity as of the end of the third quarter of 2010.
Old news from the 2000s "have a pulse? get a zero down mortgage" era. This will take years to straighten out, but it isn't a warning of what is coming.
#12 U.S. Treasury yields have been rising steadily during the 4th quarter of 2010 and recently hit a six-month high.
That is either a sign of growing inflation (money won't be worth crap in the future, so I'll need a higher interest rate on it) or a sign of a recovering economy (lots of places to put money other than government bonds). Guess one and pray you're right.
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