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1st the banks are in trouble,then insurance,what next?
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Banks, insurance, financial services of other types, government (esp state and local) plus those that depend upon gov funds (ie, non profits). Unemployment anticipated to hit double digits. PPI - producer price index - showing dramatic declines meaning imports and exports likely to visit a death spiral which will eventually lead to shortages of some staples/products.
source(s):
check out work by nouriel roubini, marc faber, jim rodgers...oldies but goodies.
check out work by nouriel roubini, marc faber, jim rodgers...oldies but goodies.
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Massive devaluation of the dollar and hyperinflation as a result of printing to much money an dumping it in the system. Eventually resulting in a massive debt for equity swap where 90 or more percent of the people will loose their wealth and the top 10 percent will receive it.
source(s):
Larry Bates
Larry Bates
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