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Originally posted by time91
Thats the main point I was trying to make, that started this. That gold IS (obviously) important.
Tue Aug 17, 2010 7:32pm BST
A stronger U.S. economy also bodes well for Mexico, which sends about 80 percent of its exports to its northern neighbor. Mexico's IPC index .MXX put on 0.72 percent in the afternoon.
Latin American stocks closed near flat on Wednesday as investors saw little to reassure about the strength of a global recovery, even as a healthy Chilean economy helped drive up that country's equities higher.
"There's still no clarity on when there will be stronger economic growth."
Hibah Yousuf of CNNMoney reported on August 17 that 22 cities are in danger of a double-dip recession. While many officials are hyping the possibility of a double-dip recession, the NBER considers the U.S. to be in one.
As unemployment remains high and private sector hiring decreases, Moody’s has increased the risk of a nation-wide double-dip recession to 25 percent, up from 20 percent.
CBO also forecast a $1.066 trillion deficit for fiscal year 2011
Do you share my opinion that the United States belongs to the least places in the world, where a revolution has to be expected right now?
America died two years ago. It’s a walking dead-zombie country, and anybody who still lives in that country should get re-familiarize themselves with cotton-picking, because once the dollar crashes, the only crop that America will be able to export, is cotton.
It will be King Cotton again.
It will be 1840 again. T
he only job available will be as a cotton-picker working on a Wal Mart or Goldman Sachs plantation. This is the reality of the situation.
There is no turning back at this point. The die has been cast.
The American experience lasted from 1776 to 2008.
Those were the years it was kicking ass and taking names.
But the second Obama took office, who took Larry Summers and Timothy Geithner with him – it died.
That was the end.
Every day since then has been Post-America.
Originally posted by Vitchilo
If this is for real, if you take the current deficit for 2010 and you ``cut it`` to 1.066 trillion for 2011, you would need to add about 1874$ in taxes FOR EVERY PERSON IN THE US between January 2011 and October 1 2011.
[edit on 19-8-2010 by Vitchilo]
The Institute of Economic Affairs (IEA) has calculated that the national debt is £4.8 trillion once state and public sector pension liabilities are included, or £78,000 for every person in the UK.
The IEA raised its concerns after the latest public finances data from the Office for National Statistics (ONS) this week, which showed that the total debt, excluding bank bail-outs, is £816bn – itself a record high. However, the figures strip out the state's pension liabilities in a contravention of standard accounting practices.
Mark Littlewood, the IEA's director-general, said: "The latest official national debt figure is seriously misleading. Looming in the background are pension liabilities. These should be moved to the forefront.
"The ONS should include these liabilities in their calculations. It is shocking enough to see official figures revealing a jump in national debt over the last year from the equivalent of 48pc of GDP to 56pc, but the grave reality is that our real national debt stands at 333pc of GDP."
Nick Silver, an IEA research fellow, said the full figure, including the £1.2 trillion public sector pension liability and £2.7 trillion state pension liability, should be published either monthly or annually alongside the net debt data for reasons of transparency.
Wall Street dipped again during trading yesterday, as investors continued to shy away from financials after other sectors of the economy showed little promise for growth. The NASDAQ suffered the worst performance by dropping 0.92 percent (20.13 points) on the day. Both the Dow Jones (0.38 percent, 39.21 points) and S&P 500 (0.40 percent, 4.33 points) finished lower on the day.
After the opening bell today markets dropped quickly below the marks set yesterday. The Dow was down nearly 100 points after the first hour, meaning investors in Wall Street could be in for a long and arduous day of trading.
The housing market is expected to be the driver of Wall Street momentum today. Unfortunately, that means we are in for a bumpy ride.
Originally posted by Vitchilo
It seems the turd on CNBC, Cramer, is predicting a massive panic tomorrow morning in the markets.
Albert Edwards predicting SP500 at 450... Technical data predicting SP500 around 800...
And of course the Hindenburg Omen confirmed 4 times so far...
EVERYONE, from economists, to macro data to technical data is predicting a massive selloff in the stock markets.
Tomorrow will be the day they reveal GDP data... probably under 1%... which will make the markets collapse...
But since Cramer is predicting a crash, it will probably be a big rally.
[edit on 26-8-2010 by Vitchilo]