To: DebtBomb who wrote (26935 ) 6/24/2011 5:38:48 PM From: LTK007 2 Recommendations Read Replies (2) | Respond to of 119360 Regards Spain and Italy, from a 1/12/2011 post i made following an interview i heard with Komal Sri-Kumar: Komal Sri-KUMAR just said NOW(on Bloomberg TV) he believes U.S.Market will take a major hit in 2011, he states his reason simply stated be he feels Spain and Italy will go into panic mode this year, and they will be declared TBTF and all hell goes on again, anhd U.S. market will take a major hit.He then goes on. Komal also states the growth we are having is BUT ARTIFICIAL and has BUT delayed a Double Dip recession--once the wide open spigot is tightened the illusion we are indeed in a real recovery will vanish. So he has two barrels loaded as to why we are headed for trouble. One:belief his belief that it is but Artificial the increase in growth that is driving market up, and 2nd, the risk of MacroEconomic negative events(specifically Spain and Italy he has pointed at)--- so it will just be a constant race against trying to stop a double dip recesion, and in Kumar's view it will fail. Basically he is saying, i think also, that U.S.Government, to keep the double dip from happening, they would go to QE3 and than QE4, which is to make the inevitable even more CATASTROPHIC. (Aside:Shorting of SPX now INCREDIBLY low,btw) But bottomline KUMAR is NOT dating the when but he now believes the big hit will be sometime in 2011 rather than 2012. i will repeat my own position statement-- that is that when The Government decided to NOT let Banks fail and went into MASSIVE INSANE Bailout of the so-called TBTF MODE, WE THEN REACHED THE POINT OF no RETURN. By no return, i mean there NO WAY a another collapse can be stopped, but only delayed---and the more we delay then the amount of NitroGlycerine underneath the TricksStage just gets higher and higher. i stated as simile, in past, our present GROWTH recovery if seen through TRUTH GLASSES one sees it is actually like a water-logged and slowly wood rotting row boat floating on an Ocean of Debt, the larger that debt gets the greater the depth the boat will sink to find that Ocean's bottom when the finally the SHTF. Max>>