1. Bull market in commodities will last for more than ten years, because the supply and productive capasity of everything is down, and it will stay that way unless there is a correction which will only happen with a worldwide economic collapse or until someone brings more supply to the market; IE Technology like solar, hybrids, etc. But by historical standards, this will probably take another 10 years)
2. Over the next decade, the price of oil will keep rising because no one has discovered oil for over 40 years, and the surprise will be how high it stays and how high it goes.
3. The U.S. dollar is flawed and finished, and will go down for years to come. One of the main reason for rise in commodities.
4. This recession may last longer than the second world war.
5. For the next decade or so stocks bonds, or equities should be avoided, because commodities is where the most money is going to be made.
For all the Bush haters, this is a good one, lol…
It’s impossible to predict exactly when the next market crash will occur, but it doesn’t take a genius to know that we’re at the edge of a cliff. RBS (The Royal Bank of Scotland) is warning everyone that the next crash might occur within 3 months. It is doubtful that the markets will crash in 3 months, a better way to interpret this article is to assume that 3 months is the amount of time we have left before things start accelerating downward, since we are now at a virtual plateau.
The dollar will keep loosing it’s value, and the United States Government will keep looking the other way until they see bond and equity markets fall. We’re at the early stages, and you rarely see bond and equity problems mentioned on mainstream, but this article is a sign of just that.
Read More- AP
Example: David Woo, currency chief at Barclays Capital, said the Europeans and Americans are talking past each other. Whatever the G7 wording, Washington is happy to watch the dollar slide. “They are not going to worry unless there is a knock-on effect on US equity or bond prices. So far that hasn’t happened. There are no signs that the dollar decline has turned disorderly,” he said.
Not too long ago, the Fed prevented a stock market crash by bailing out Bear Stearns. That was just a glimpse of things to come. What is knocking at our door step is a very serious threat that would cause riots, like the ones on this video, nation wide. As the markets just keep getting worst and worst everyday, I seem to get used to it, this video wakes me up to what’s possible when people become desperate and ignorant. This riot lasted for 5 days in LA in 1992 and cost the city over a billion.
Amazing talk with a very knowledgeable professor, Michael Greenberg, explaining the tragedy of our economy, plus predictions for our future.
Maybe it’s the economy.
Welcome to socialism. The number of Americans expected to receive food stamps may reach 28 million, almost 1 in every 10 people or 10% of the population, which would break a record. If we’re not in a recession like the government says, I would hate to see one.
Dec 06- Dec 07: 1 year growth was more than 10% for the following states
1. Arizona
2. Florida
3. Maryland
4. Nevada
5. North Dakota
6. Rhode Island- rise was up-to 18%
7. Michigan- the number is 1 in 8 residents, case more than doubled since 2000
More than 40 states saw recipient rise in total.
Read More - NY Times
Top ten issuers of subprime mortgages in 2003
1. Ameriquest- Done
2. New Century- Done
3. Lehman Brothers- Rumored to be in trouble
4. GMAC
5. Option 1
6. Credit Swiss First Boston
7. Country Wide
8. Chase Mortgage
9. First Franklin
10. Washington Mutual- Making the news lately
Top ten issuers in 2006
1. HSBC Finance- Where all your metals are held
2. New Century- Done
3. Country Wide- Done
4. WMC Mortgage
5. First Franklyn- Merril Lynch’s subsidiary arm
6. Wells Fargo
7. HR Block option 1
8. Freemont Investment Loans
9. WAMU
10. Citi Group
