Wednesday, July 1, 2009

Greater Crisis Coming Soon ?

Duration (in months) of US recessions
since 1900 (average duration: 14.43 months)
Sources: US National Bureau of
Economic Research / Trends der Zukunft

Attached paper believes a global system crisis will happen because of 3 rogue waves hitting at the same time... 1) Wave of massive unemployment... 2) Wave of bankruptcies: companies, banks, housing, states, counties, towns... 3) Wave of terminal crisis for the US $, US T-Bonds, Pound Sterling, & return of inflation... http://www.321gold.com/editorials/leap2020/leap2020_063009.html

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