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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (109033)	2/26/2010 11:55:30 AM
From: DebtBomb	1 Recommendation Read Replies (1) \| Respond to of 116555

Yessiree, nice work there. We're in nothing but a massive manipulated cover-up IMO. They are making everything worse by piling up debt on top of a debt bubble. We're in massive deflation and spending is collapsing. Spending should continue to collapse through about 2024. The fed can screw with the currency, but it will only make the economy crash even more, like in 2007-08 when he crashed the dollar and got oil to $147. Here's some massive deflation and spending collapse. bullandbearwise.com We have about 150 million in the workforce, and 78 million baby boomers heading into retirement. 10,000 baby boomers retire every single day. Peak baby boomer earnings and spending year was 2007....the market top....a coincidence? Since 70% our GDP is made up of consumer spending....TSWHTF, IMO. hsdent.com Spending Patterns

To: mishedlo who wrote (109033)	2/26/2010 12:16:10 PM
From: DebtBomb	1 Recommendation Respond to of 116555

Mish, there's nothing left! There's no interest rates to cut. There's no savings. Future auto and home sales have now been robbed out like 3 years from "cash for clunkers" and "cash for shacks". There's no more credit. There's no more manufacturing. There's no more jobs. Now, 24% are in negative home equity. 5 million more foreclosures are coming straight at us. Entitlement money has been squandered away. Pension plans are busted. How many states are now bankrupt? There's no more home equity. There's nothing left! bullandbearwise.com