Next phase of financial meltdown to start now - In the U.S. and many other countries, the too-big-to-fail banks have become even bigger: Joseph Stiglitz, the Nobel Prize- winning economist
Marla Guthrie
Sep. 13, 2009

The biggest financial financial downturn is about to start. The unemployment may shoot to 20%, most major banks will fail. Dollar will collapse. Stock market will crash. Real estate will get wiped out.

Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc.

“In the U.S. and many other countries, the too-big-to-fail banks have become even bigger,” Stiglitz said in an interview today in Paris. “The problems are worse than they were in 2007 before the crisis.”

Next phase of financial meltdown to start now - In the U.S. and many other countries, the too-big-to-fail banks have become even bigger: Joseph Stiglitz, the Nobel Prize- winning economist
Marla Guthrie
The biggest financial financial downturn is about to start. The unemployment may shoot to 20%, most major banks will fail. Dollar will collapse. Stock market will crash. Real estate will get wiped out.
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Start of US-China trade war - China retaliates by starting probe into the alleged dumping of American auto and chicken products
Fred Day
The well predicted trade war has finally started. The U.S. placed tariffs starting at 35 percent on $1.8 billion of tire imports from China, backing a United Steelworkers union complaint .
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With such staggering budget deficit why is gold market not taking off? What will happen to gold price in the next 12 months?
Peter Oberois
Underemployment is saturated. There are not many people left to be underemployed any more. The commodity inflation will continue. The budget deficit will grow more rapidly as underemplyment erases the tax base ...
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Nonfarm payrolls to dip around 400K, unemployment rate to edge up to 9.6% - bond market and stock market both may decline
Marla Guthie
The underemployment rate is rising very rapidly to a historic 60%. That means only 30% of US population is employed with appropriate remuneration. That is a huge wage deflation.
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Gap in personal income and personal spending data show people are dipping into debt again – the bear market getting ready for acceleration downward
Paula Zuba
The huge gap between income and spending growth manifest the fact that people are dipping into debt again. Some of these are home equities and credit card loans. But the bulk of it is 401(k) loans.
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June 2009 US Factory Orders show signs for decline – a confirmation of continuing depression and a top in Dow around 10,000
Judy Patil
The report is die Wednesday August 4, 2009. In spite of upbeat expectations from Federal Reserve and other corners of the market sources, the declining Factory orders show the real state of the economy.
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The disconnect between Wall Street pay and the Main Street pay shows the correction in the economy is not complete yet
Sam Adelton
Business cycles and the stock market cycles work like pendulum. The bull markets and euphoria goes to one extreme and then to the other end of extreme. The long-term bear market that started last year could not correct the euphoria as yet.
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US Dollar at its low may be an excellent intermediate term buy as stock market approaches a long term top again
Paula Zuba
Please note it is a risky venture because gold is showing signs of a mega bill market in the coming months and years. The coming bull move of gold can come from the perception of weaker dollar or inflation.
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