Dude, We’re Screwed! Recession to Get Worse – Unemployment to Rise – Government Spending Debt to Skyrocket!

Slow Growth – Double Dip Recession may be coming – Odds are over 50% – We are in the process of De-Leveraging our Debt and this trend will continue for years. If it happened all at once, we really would have a depression! Unemployment rate will rise 1% per year for the next few years and put pressure on the government to create jobs – spend more money – create higher deficits and debt, and the consumer will pull back and spend less – which is bad for business and people’s jobs! – all very risky for our long term economic growth. Dude! Save Your Money!!

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Do You Think The Stock Market Could Fall to 11,000?

This is a Chart of the Stock Market (The Dow Jones Avg.) since the most recent market bottom in early 2003.

The stock market has risen every year for the past 5 years.

If the stock market would fall to 11,000 – that would be 2,806 points down or 20.3% – If that happened most people would loose their jobs, because the credit markets would tighten, borrowing money would all but disappear and consumer confidence would crash and everyone would pull back and not spend any money.

If this happens the Federal Reserve Bank will print more money (why not they can do it) and the U.S. Dollar will decline even further – The value of our money if becoming worthless becuse when the Fed prints more money, it is not tied to anything material – they just decide to print more, and the more money there is in circulation, the less it is worth – Basically what we have in our pockets and bank accounts is slowing diminishing – better start saving harder.

Dow Jones Industrial Average DJIA Close on 10/26/2007 13,806.70

DJIA Chart Since 2003 Market Bottom