"I think right now we’re on the tipping point of a market correction.
Data from the U.S., from Europe, from Japan, from China
are suggesting an economic slowdown."
are suggesting an economic slowdown."
1) Nearly all the major Wall Street banks are planning huge layoffs
2) Bad economic news is creating a "negative feedback loop" creating more bad news
3) OPEC announced oil production levels will not be raised
4) Quantitative Easing round 3 (QE3) will be a tough move to initiate considering societal awareness
5) Moody's announced it will downgrade the debt ratings of Bank of America, Citigroup, & Wells Fargo
6) the U.S. dollar continues to decline:
Standard & Poor's changed it's U.S. outlook from "stable" to "negative" & will soon lose its AAA rating.
China is dumping its short-term U.S. debt holdings.
8) Bad economic news is pouring in (refer to point #2)
9) Analysts within the financial industry are warning of an inevitable financial collapse
10) 48% of Americans believe a depression will occur within the next 12 months
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