a must read..............h/t to infocyde...........From Market Oracle
''The US Economy has lost its potential traction, since it forfeited the bulk of its industry to China in the last decade, after forfeiting much more in the 1980 and 1990 decade. Back then it was called the migration to the Pacific Rim. Therefore, the US Economy cannot respond to 0% rate, does not take advantage of the low rate to expand business investment, to kick start the various industries as it did in past recessions. This recession is both permanent and a march to the cemetery. At the end of this current cycle is a massive implosion of the big US banks, followed by global isolation of the US Dollar, ending with an inevitable US Govt debt default. The implosion of the big US banks has begun, with JP Morgan making its defensive deceptive admissions of serious loss and worse, lost control. The isolation of the US Dollar is a new chapter underway, in response to the ill-fated Iran sanctions. The East is mobilizing.''
read more
No comments:
Post a Comment