What Will 2010 Bring?

O.K. kids lets make this real easy.

FACT: Our economic model was/is based on a system of debt driven consumption for 70% of its growth.

Now lets pretend that you have a kool-aide stand in front of your house called the American Economy. Now lets also pretend that all of your customers borrowed money from their parents (China) to buy your kool-aide. Now to make matters even worse, you live on a busy street and your customers (The Jobless Numbers) keep getting killed trying to reach you. So far 20% of your customers have been run down in the street, even though the offical number is only slightly over 10% run down (jobless).

How long will it be before your kool aide stand is torn down by the angry parents (China) because it was built on an unsafe and unsound foundation?

Ask yourself this. If you were China would you loan us more money?

- Mr. Bickers

Related Posts:

• Housing will come down to 50% of what it was at the peak.
• China will not do what Japan did in the 1980th to appreciate its currency under US pressure.
• BBC UK: US jobless numbers hide scale of problem!
• This recession is far from over! We’re just lucky that it did not turn in to a full depression.
• “Slow flight”

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