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Risk of “Deflation” is high and will surprise the majority! CLICK ON CHART TO ENLARGE In 2007, when stocks (S&P 500) and commodities(CRX Index/Copper) were peaking there was little talk about deflation from the media (inset chart point 1), around the globe. Results going forward…The majority was surprisedas S&P 500 fell 50% and Commodities fell further. In 2009, after a large decline in stocks and commodities the talk of deflation was very high (inset [...] 11th March 2004, just 911 days after 9/11 attacks on New York/Washington; Madrid is hit by several explosions in Commuter trains. 191 people were killed, and 1,858 people were injured in the biggest terror attack on Spanish history. http://en.wikipedia.org/wiki/2004_Madrid_train_bombings Al Qaeda was blamed for the attack. Today, 9 years after this terror attack, Spain is suffering an economic upheaval. Nearly 6 years in a deep reccesion(economic depresion?) and a massive unemployment rate ( 27% -6 [...] Poverty across the planet will be virtually eliminated by 2030, with a rising middle class of some two billion people pushing for more rights and demanding more resources, the chief of the top U.S. intelligence analysis shop said on Saturday. If current trends continue, the 1 billion people who live on less than a dollar a day now will drop to half that number in roughly two decades, Christoper Kojm said. ‘We [...] The net worth of the American family has fallen to its lowest level in two decades, according to government data released Monday, driven by a more than 40 percent drop in their stakes in their homes. The Federal Reserve’s detailed survey of consumer finances showed families’ median wealth plunged from $126,400 in 2007 to $77,300 in 2010 — a 39 percent decline. That put them on par with median wealth in [...] Greek athletes may have to abandon training and start looking for jobs as the financial crisis slashes sports funding in the birthplace of the Olympics. “Athletes are being forced to stop because they can’t get by financially,” said Stella Lazarou Tigka, the president of the Vouliagmeni Nautical Association, a sports club in a seaside resort south of Athens. Eight of its members were on the 13- strong national women’s water polo [...] by Peter Schiff
As the world confronts one of the most critical periods of economic upheaval that it has ever seen, it is clear that our most influential economic stewards have absolutely no idea what they are doing. But, like kids with a new chemistry set, they are nevertheless unwilling to let that stand in the way of their experimental fun. As [...] From Charles Hugh Smith from Of Two Minds Beyond the False Dawn: Global Crisis 2020-2022 Four long-wave cycles will likely intersect around 2020-2022. Longtime correspondent Ken R. asked me to elaborate on my recent reference to the “real crisis being pushed forward to 2020” ( A 5-Year Scenario: 2011-2016 February 15, 2011). The long answer would fill entire volumes, so I’ll attempt a shorthand version. Let’s start with the chart I prepared for [...] |
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