2010 will be another year of no job growth.
By Daniel at 17 December, 2009, 9:37 am
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Dollar is going higher because we are in a DEFLATIONARY environment. Last night the AUD/USD verified a top (a triple?) by breaking below and staying below .89. All the fiat money stimulus has done nothing except make some banks some trading money.
2010 will be another year of no job growth (perhaps even additional job losses), at least nowhere near enough jobs to reduce unemployment in a meaningful way. All the jobs are at McDonalds (or the FDIC dealing with the hundreds more failed banks to come).
The worlds debt problems are just getting started and currency crisis are around the corner. Take a look at the chart in this article (http://www.caseyresearch.com/displayCdd.php?id=301). Look who’s right in with the countries we’ve heard so much about lately. THIS IS SERIOUS! Prepare yourself and your family for a deflationary spiral.
Look at oil (although it seems to have stabalized some), gold, and the soon to drop stock markets. I have to admit that I have been wrong a lot in this market or too early, but I think we have finally reached the tipping point. Good luck!
-JRK
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