[It’s not one piece of information or news article that’s pimping the doom & gloom, it’s several interdependent pieces of the puzzle that are coming together for no economic growth in the foreseeable future plus an incompetent administration and crooks at the helm. ]
Here’s what scares me. You have your list of doom and gloom indicators. I have a list that overlaps but is different. All I see out there is bad JuJu long term. Pension funds belly-up, consumer debt out of control, capital gains tax up, commercial real estate collapse, etc. etc. Bad JuJu everywhere, and still people predicting recovery in late 2009. I just see a suckers rally.
The snowball has just come into view for many of the wishful and deniers. Like you said, ‘Bad JuJu, all around’. Sadly, our goobermint (at all levels) is doing exactly what shouldn’t be done in this situation, pulling more money from the private sector in vain attempts to protect the rich (Wall Street & banking swindlers) and themselves.