Sometimes I wonder how long it will take for everyone (in my circle) to get on board. Precedents are being established daily. This is new stuff. It's not part of our history, and that's why people don't recognize the severity of it. This is nothing like the depression of the 30's. Currently it's delayed, to which I say, "Great!". That buys me more time.
Unless you are actually getting emails like this, there's just no way you can know the depth of this situation. It's kind of like a cancer patient. Without x-rays and blood work, you don't know they have it. For all intents and purposes, most of the US looks just like it did yesterday.
If You Hated Gasoline at $4 a Gallon, Imagine it at $20 - BLOOMBERG - Get your KLR 650's now.
Cash for Clunkers Gets $2 Billion Refill
Job Losses Slow to 247,000; Jobless Rate Dips - It looks like we will have job losses monthly for years. Thankfully, its slowing down, but by November it will probably pick back up.
AIG Reports 2Q Profits, First Since 2007 - Good thing they got all that taxpayer money. Now they can show a "profit". What would they show without it?
Oil Rises Over $72 as Job Loss Slows
Fannie Mae Loses $15 Billion, Seeks $10.7 Billion in Aid After 2Q Loss The Mother of All Bailouts will not stop growing for at least a decade!
Mish Shedlock: Weekly Unemployment Claims Portend Disaster
Fed Laundering Money Through the Big Banks into the Stock Market - Think about this -- the average person looks at this headline and moves on. They have no idea what this really means.
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