Five doomsday scenarios for the economy

link here

It's been a brutal summer for the economy. The housing sector, like a balloon batted in the air one last time by the government credit, resumed its inevitable fall. Economic growth slowed to a lead-footed 1.6 percent, and job growth is even more anemic. Meanwhile, consumers are cranky, the trade gap is gaping.

I was just perusing the news and ran across this on yahoo. I was thinking about all the treads where people say we are being primed for stuff to happen. This one almost qualifies as a prophetic thread.

To see where this re-recession might begin, my colleague Dan Indiviglio and I imagined five financial earthquakes, each with a single epicenter: housing, consumers, toxic assets, Europe, and the debt. The following five scenarios are listed in order of likelihood.

The wording of this piece is especially interesting to me.

(note to mod, thank you for moving this to the correct forum, though as stated I was tempted to even put it in the prophecies forum.)

This really does feel like a primer piece to me. Even if it is not it seems to lightly taken for me to feel comfortable. A lot of money was spent on the bailouts, and very little seemed to help the actual economy or the small business owners. I think we need to spur the next american business revolution or we are going to stagnate badly. Monetary capitol is becoming more and more centralized and this is creating a precipice that we hang over. We have got to find a way to spread the risk out and involve more people on a personal level then what we're doing now.

The American consumer has got to return to a point where they both consume and produce for the economy to become viable on a global scale. We seem at the mercy of those higher then us on the socio-economic ladder, and we accept this fate too easily.

Began to consider where you spend your money, and where it goes after you do. If you want to see the economy become better, spend what money you can spare in places that will benefit american jobs, and local prosperity. I don't see this as xenophobic myself, because I believe we owe it to the world to remain a strong pillar in these untroubling times.

Does your dollar spending contribute to wealth consolidation or does it fuel a larger economic movement that we all share in?

The unemployed/underemployed can't help the economy by spending and those employed do not want to because of the depth and breadth of the uncertainty surrounding us all.

Who can predict what will happen with: Nov. elections, Bush tax cuts termination, Cap and Trade, Obamacare, FCC and the Internet, inflation , Environmental Protection Agency and CO2, Card Check, Immigration and of course the coming "October Surprise".

reply to post by Seiko



the FED and the USTreasury---only want to bail-out or save the 'banking structure'
they are not interested in the larger economy...
the TBTF banks & money firms generate 100s of millions of $$
in their creation/selling/swapping of the Trillions in derivatives.

the sacred 12-15 banks/brokers/primary dealers generate more
tax revenues on trades/sales/fees for the gov't than 1,000s of businesses


so keeping that casino/fraudlent derivatives scheme is paramount to the federals... it's the Democrat side of the Republican trickle-down idea.

with enough money pumped into certain areas of the money velocity arena, with appox. $2.5 Trillion being funneled into the banks & vultures like Goldman (GS) the treas & the policy makers in DC are wishing that
the rest of the econopmy will follow...that the DOW will once again push to 14,000... because the accountants say that there's still $5 Trillion of citizens monies that is sitting-on-the-sidelines-----


ready for the corporations to have schemes to skim wealth from that supposed $5 Trillion they ain't gotten their greedy hands on ... Yet!