Originally posted by Tentickles
This is a warning for everyone who reads ATS.
The economy is not getting better. It is in fact getting worse.
The bond markets are showing the strain. If people do not buy the US bonds, the government can not fund itself. Please read this blog:
4 Horsemen of the Bond Market
I can say the next comment without worry I will be wrong at all. I know this to be true
The economy is going to crash. Starting the fall of 2009.
[edit on 6/18/2009 by Tentickles]
Tentickles, although I've had my "moments", I don't consider myself especially "precognitive".
But when I read your post above, I have to admit, that part of me that "warns " me to "duck" in just the nick of time sent a very cold chill down
my spine to freeze in my belly.
I work for the California state governemnt, and fortunately, I have enough seniority to be pretty secure in my job.
At least for the momment.
Other threads have expounded on the financial turmoil in my State; with the usual finger pointing trying to pin the blame on this group or that.
The truth is, as you have pointed out, There is NO "solutiuon".
Our current situation has been a long time coming, and is far beyond the control of anyone, short of a world Dictator, to resolve.
We can try to console ourselves by thinking that our current troubles are "just part of a Cycle", that "everything will work itself out".
But that is just more of the same rationalization that lead us into the mess we are in.
Most of us are just too confused and frightened to face the most likely future.
This is NOT your "father's" Economic Collapse!"
Against all reason, I am in the middle of trying to buy my first house. I know, in this economy I must be nuts. But I live in an apartment , in the
middle of the city. And my gut is telling me that I need a "Homestead", something with room for a garden, if I want to have at least a chance to
survive what's to come.
Paranoid? Succombing to the "Fear-mongers"? Maybe.
But my gut has saved my neck too many times for me to ignore what it is telling me, what you are telling me: "DUCK!"
P.S.: The recent "dislocation" on the bond market lead to an interesting conversaation with my mortgage broker. While discussing the rise in
mortgage rates, he tried to claim that "No one knows why the rates have suddenly started to rise so rapidly". I then told him that I had read of
the dislocation (read it here on ATS, infact) and what its effect on mortgage rates was likely to be.
His response? "You read too much. So you know about that, eh?"
I earned a few "respect" points from him that day.