Bump, for later
I count 5 and probably 6 things that I believe will create a perfect storm:
1. Our ever increasing debt
2. The declining value of the dollar
3. Inflation
4. Persistent under- and unemployment
5. The continuing fall of the housing market
6. Persistently high gas prices.
You could add more I’m sure.
Until we clear out the dead wood we'll remain on the precipice.
And once we do, we'll go over it.
Deep in the canyon below are green shoots, but we have to get there.
Eventually we will, one way or another.
In the ‘comments’ section, the thesis put up by ‘rufusbird’ is exceptional imo.
another one?!?
...i guess i missed the first one being fixed...
No problem. The Masters of the Universe have applied all of their economic and propaganda weight against oil prices for weeks and will soon monetize more debt (next QE). [Little irony and sarcasm there.] There’ll be lots of money for everyone. Well...okay, not everyone.
economics bump for later..........
Ordinary citizens in the USA are and will be getting haircuts, to a far greater degree than favored elite classes such as government employees, banks, companies, etc.
The question waiting is will they ever resist the haircuts, or will they allow themselves to be herded back for clipping like sheep, over and over?
It is already underway, with health care, banking fees, etc.