What are You Expecting?

Sooner or later, you'd think "they" would figure out that they'd better tell us what's coming, kind of like people are told to tape up their windows and fill their bath-tubs with water before a hurricane hits. But keep in mind also, that before Hurricane Katrina hit, only a few experts said to evacuate New Orleans, and that was literally at the last minute causing massive traffic jams a hundred miles long. The earliest to sound the alarm were the weathermen - saying, "GET OUT!!! " 3 days before it hit. If you recall, FEMA didn't really get on board until a few days after it was a full blown disaster. So don't wait on the Feds to tell you to get ready for an economic disaster. If history serves as a guide, they will do so with a bullhorn from a pile of rubble, with their sleeves rolled up and their ties loosened as if they're actually going to do some work. Lying is part of the job.

Preparing for the Worst - Robert Kiyosaki - "I believe the stock market is being manipulated. I suspect the government, banks, and Wall Street are doing everything they can to keep the market from crashing. Our leaders know that nothing makes the world feel better than a raging bull market." (In other words, they aren't allowing the "bad" to get worked out of the free market system, which in turn sets us up for a worse fall in the future.)

Krugman: Economy in Purgatory: “Anybody who says that we are out of the woods or even moving out of the woods has got to be lost at sea,“ Robert Reich, former Secretary of Labor, said on ABC’s This Week. “I mean, there’s no evidence that this economy is doing much better. The best that can be said is we’re getting worse more slowly. And that is small consolation to people who are losing their jobs.”
Tsunami of Home Foreclosures to hit U.S.
Court Orders Federal Reserve to Disclose Emergency Loan Details (It's about time!)
Slums of Suburbia Sorting through the rubble of California's foreclosure tsunami.
White House, Congress project record deficits; Both see the overall national debt nearly doubling over the next decade
Senator warns of hyperinflation rivaling the 1980s
Rhode Island governor to shut down state government for 12 days
Labor Leader Named Head of New York Fed - Oh good, a Union Boss is in charge of a Federal Bank. (!?!?)

Oil Falls 4% After Hitting 10-Month Peak of $75
Latest in Stimulus: Cash for Refrigerators
Brookings "Experts" Admit Stimulus a Bust
Federal Reserve Paying Interest on Excess Reserves, Why Lend When You Can Earn Interest For Holding on to Funds With Low Risk
CBO Warns of Higher Unemployment; DC Worries About the Deficit
Basket Cases (The Mogambo Guru)


Gross National Debt to Top $12 Trillion
Craig Harrington | 08/25/09


With the gross national debt expected to top $12 trillion in the next two weeks, America can ill-afford to accumulate the additional $9 trillion the White House predicts over the next 10 years.



10-Year Deficit: $9 Trillion and Rising
Dustin Ensinger | 08/25/09


The Obama administration raised its 10-year debt projections estimating that the federal government will need to borrow $9 trillion over the next decade.