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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Warning, bear market 2010: 11 'sells.' Only 6 'buys' - New Normal: Bankrupt nation. Deflation. Zeros. Junk. No jobs. Depression. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

Warning, bear market 2010: 11 'sells.' Only 6 'buys' - New Normal: Bankrupt nation. Deflation. Zeros. Junk. No jobs. Depression
by w1ld at 11:11 am EDT, Aug 20, 2010

Read the 17 point investment plan.

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ARROYO GRANDE, Calif. (MarketWatch) -- Yes, it's going to get worse, a whole lot worse ... Bill Gross warns this is the "New Normal. Forget 10% returns. Think 5%". ... Economist Larry Kotlikoff, author of The Coming Generational Storm, warns: "Let's get real. The U.S. is bankrupt. Neither spending nor taxing will help the country pay its bills" ... Economist Peter Morici warns: "Unemployment is stuck near 10%. Deflation coming. Stock market threatens collapse. The Federal Reserve and Barack Obama are out of bullets. Near zero federal funds rates, central bank purchases, a $1.6 trillion deficit have failed to revive the economy." ... Simon Johnson, co-author of 13 Bankers, warns: "We came close to another Great Depression, next time we may not be so lucky." Why? Because Wall Street's already well into the next bubble/bust cycle - the "doom cycle."

Warning: More bad news ahead. Welcome to a bleak second half 2010, worse for 2011.


 
 
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