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So, in November 2011 the United States will brace itself for a politico-financial "perfect storm" that will make the summer problems look like a slight sea breeze. The six elements of the future crisis have already come together
So for LEAP/E2020, it's a combination of all these elements at the end of 2011 that will trigger this major financial shock ... a kind of final shock thrusting the planet out of the world before the crisis for good. But the world after is still to be built because many futures are possible, beginning 2012.
If a massive gap down happens Monday, then a falling wedge may not be in play but rather a solid wave (iii) of [v] down. So until then we'll have to see the exact nature of Sunday's futures.
Originally posted by InformationAccount
What is Washington doing?
U.S. Debt Supercommittee Said Ready to Announce Failure
November 20, 2011, 6:30 PM EST
...Nov. 20 (Bloomberg) -- The deficit-cutting congressional supercommittee is expected to announce tomorrow that it has failed to reach agreement on at least $1.2 trillion in federal budget savings, a Democratic aide said.
‘Nobody wants to give up hope,” Hensarling said on the “Fox News Sunday” program. “Reality is, to some extent, starting to overtake hope.”...
“I don’t think there’d be much of a reaction” by markets to a supercommittee failure to agree on a plan, Mark Zandi, the chief economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, said on “Fox News Sunday.”
“You can’t grow if you raise taxes in the middle of a recession,” Kyl said.