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Evans-Pritchard: Dow 4,000 by Summer

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posted on Mar, 10 2009 @ 11:34 AM
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Evans-Pritchard: Dow 4,000 by Summer


moneynews.newsmax.com

Evans-Pritchard writes that the lowest interest rates in history are failing to gain traction globally.

A flurry of bond issues from the U.S. Treasury is swamping the debt market. The yield on 10-year Treasuries has climbed from 2 percent to 3.04 percent in eight weeks.

"The real cost of money is rising as deflation gathers pace," warns Evans-Pritchard.

U.S. house prices have fallen 27 percent, according to the Case-Shiller index. "The pace of descent is accelerating," said Evans-Pritchard.

The Dow could fall to 4,000 by this summer unless there is a quantum reduction in mortgage interest rates, says Evans-Pritchard.

(visit the link for the full news article)




posted on Mar, 10 2009 @ 11:34 AM
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Sheesh...

It seems like the numbers predictions just keep looking more and more dire. The bottom fallout prediction one day appears tame by predictions the next day, as the situation turns more dire.

I will let the financial experts chime in on this one...Is this really a possibility by summer? Maybe it's time to make extra room under the matresses and personal safes...lol

moneynews.newsmax.com
(visit the link for the full news article)



posted on Mar, 10 2009 @ 12:07 PM
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Great Post!

Whatever becomes of the Market...I agree with this statement from the article....


"We are at the moment of extreme danger."


moneynews.newsmax.com...

And how similar in phrase is a comment made from Chuck Norris yesterday the 9th of March....

"We view ourselves on the eve of battle"


www.worldnetdaily.com...



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