Substantive factors that will crash the markets:
By Daniel at 16 November, 2009, 3:14 am
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1) Home foreclosures are now at 4 million per year
2) Over 2500 of the 8000 banks in the US are now rated D or F
3) Over 500 banks are already insolvent but have not been closed by the FDIC
4) The PE multiples on stocks have never been higher in the history of the markets
5) Unemployment is now 23% in the US when accounted for properly
6) Unemployment is now 10.2% in the US even based on official fudged numbers
7) Commercial Real Estate is experiencing the biggest collapse ever
The US government deficit for Fiscal 2009 hit a record $1.4 to $1.8 trillion
9) Individuals are filing for bankruptcy in record numbers over 1.5 million this year
10) Corporate bond defaults are running 12.2%
11) Savers are getting paid nearly 0% interest on their hard earned savings
12) Corporate earnings are down substantially across the board on a YOY basis
13) 48 of the 50 states are in major financial trouble with huge deficits
14) 10 of the most major states are running record deficits that are worsening
15) 16 states have completely exhausted their unemployment funds
16) Consumer sentiment is highly negative for very good reason
17) Commodities are in a major bubble fueled by manipulative speculation
18) Almost 60% of Americans think the country is headed in the wrong direction
19) Goldman Sachs claims it is doing “God’s work”
20) The Federal government is now 45 days late on a Fiscal 2010 budget
This list could go on and on and on. Do you need any more substantive indicators? I’m sure our fellow members would be happy to add hundreds for you.
- American Patriot
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Bullshlt article
5) Unemployment is now 23% in the US when accounted for properly
- How are you basing those numbers?
7) Commercial Real Estate is experiencing the biggest collapse ever
-Already happened
- The printing of money and the possible inflationary future will ease this (although may create separate problems)
The US government deficit for Fiscal 2009 hit a record $1.4 to $1.8 trillion
11) Savers are getting paid nearly 0% interest on their hard earned savings
-Savings rate was negative in the boom period between 2004 - 2008 and has been for some considerable past
17) Commodities are in a major bubble fueled by manipulative speculation
-Bubble being the operative word - UK housing bubble lasted more than 10 years
18) Almost 60% of Americans think the country is headed in the wrong direction
-A lot of research showing that these are actually contradictive indicators..what indicators have you used??
19) Goldman Sachs claims it is doing “God’s work”
-Why have you even included this?