Posted on 24 February 2011
The real enemy of economic recovery is demographics, as America enters its demographic winter of discontent. New home sales plunge 11.2 percent in January. Obama’s ties to Libya’s Gadaffi are shocking. Could the Mideast meltdown be preparing the way for energy credits and Technocracy? Stocks complete their first 5-wave series down from last Friday.
Posted on 18 February 2011
Are stocks poised for further advance, or are they running out of steam? The collapse of the American job market is looking more permanent with every passing week: The real unemployment rate is closer to 23 percent! The middle class is shrinking rapidly.
Posted on 10 February 2011
The municipal/state debt crisis continues to loom as muni-bond holders squirm. 30 percent of mortgages are now underwater and foreclosures are rising. Bank exposure to foreclosure-gate has grown 150 percent in nine months, to $60 billion. Bernanke admits that China holds over $2 trillion of U.S. bonds. Watch closely for signs of topping in stocks, metals and commodities, as the dollar rallies.