"I think that the downturn will be much more prolonged than usual. The average for the USA for 1854-2001 was 17 months, but the Great Depression of 1929-33 lasted 43 months and the grandaddy of recessions in this period was one which lasted 65 months from 1873-79. It would be wise to prepare for a long siege.
As the Fed bailouts continue, expect all forigen investors (what little is left) to dissappear, expect all non unionized enteties to unionize or die, and, expect all financial institutions not run by the government to fail.
Welkome to the new Amerika.
This whole thing is like a bad tv show, I can just hear the announcer...
“The new Amerika” is brought to you by; DUmmies, the cute usefull idiots that no absolutly nothing, The Centers for Disease Control, that remind you “It’s not so much what you do, but how often you do it”, The AFL/CIO/NFL/ABC/ Union, reminding you that if you have a non union job, you’re breaking the law, and the ACLU, tearing down that which they ‘pretend to defend’...
FRiends, this may be our last Christmass. We are headed toward deep do do, so I hope I at least made milk come out your nose.
2 banks in less than a month to fail in Georgia.
Not good for local farmers.