It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
"There's going to be quite a bit of strong downward earnings revisions going forward, especially the outlook for 2010. And that's simply because the economic clock, of which we tell the economic time, suggests that the excess supply of goods (rising unemployment) is here to stay and you can't keep on making profits if unemployment keeps rising," he told CNBC.
During that time, 937,840 homes received a foreclosure letter -- whether a default notice, auction notice or bank repossession, the RealtyTrac report said. That means one in every 136 U.S. homes were in foreclosure, worst three months of all time
Originally posted by Longtimegone
Someone PLEASE answer this one little question:
If the stock market crashes like you people are predicting, then your dollars will be worthless. So what is the difference between keeping your money in the stock market and taking it out? Leave it in. A crash is not likely anyway. I have come to learn the people on this site are irrational. They not only consider every prediction, but actually expect it to come to pass.
Enzio von Pfeil (www.enziosclock.com...) has been an investment economist all of his professional life. Having studied under Nobel Laureate Friedrich von Hayek in Freiburg, Germany, he got his PhD in economics and then joined some of the major banks in their day: Morgan Guaranty, Schroders and Warburgs. He was Chief Regional Economist for major stock brokerages in Hong Kong since 1990, where he is happily married. Author of books and thousands of research notes, he is a regular guest of Bloomberg-UK and Bloomberg-Germany, and is invited frequently to CNBC and other channels. His focus always has been on how to make money out of economics, and his application is real: he now lives off his own investments. He founded Enzio's Clock (www.enziosclock.com...) in November 2000 with the objective to help his subscribers profit from cycles through rigorous application of his proprietary Economic Clock.
Originally posted by GreenBicMan
CEO of economicclock.com??
Well CEO of Greenbicman.com says otherwise, we both have the same level of credence IMO