Look like 20% economy will be down within Jan. 2010.
By Daniel at 3 January, 2010, 3:04 am
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Because interest rate is getting higher, unemployment rate is increasing, no good hopes for govt. boost up. Financial crisis is still increasing in the banking sector. After CIT group, now Citigroup will file bankruptcy. Macy’s management is also thinking for Chapter 11 bankruptcy.
Most of small capital are already in the process of bankruptcy. Mcguire property(MPG) is also thinking for bankruptcy. Bad rumors are coming from stock investors that these big other companies are loosing tons of money. No growth but only depression.
BEAR BEAR BEAR…. Real estate market is getting worst. Builders are selling houses at below cost to reduce inventory. Most builders don’t work for nothing……Lot of constructions layoff.
This corrupted government is also going to suffer in 2010.
The huge buildup in government debt for 2010 is going to be driven largely by the sharp falloff in tax revenues. Even with President Obama having control over the ventriloquist left-wing mainstream media they are going to be very hard to convince the general public that his radical policies being pushed will benefit the country. He is so invested in health care “reform” he is refusing to look at the terrorist, Iran, N. Korea, too big to fail banks, and the freeloaders Fannie and Freddie.
We must restore health and balance to our economy, confront and break up the political force of big finance and reverse the pervasive consensus within the Obama Administration that what is good for Wall Street is good for Main Street. With ZERO systematic, structural changes made to the system, government has paved the road for still more layers of debt and additional strains during the next economic advance. Recovery is crawling on egg shells right now every EI is down and IDI has plunged.
- ImpendingDoom
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