Re:It's Time To Prepare For The Crisis Ahead
by SkyMarshal on Sunday September 11, 2011 @04:43PM
(#2984774)
The guy writes like a typical stock newsletter huckster, and his to-the-month predictions are shysterish at best, but... the problems he addresses are real, not overblown, and we're more likely than not heading for another downturn at best, crash at worst.
Much of the trillions of bad debt that caused the crisis of 2007-2008 was never worked out or resolved, despite the govt and Fed buying a few years to do that (with TARP, stimulus, and QE).
It's still there on balance sheets being marked to model rather than market. We're more or less right back at square one, but with the Fed and Govt having used up much of their ammo this time. Fewer options this time around. Imho best we can hope is a managed decline for a while, no abrupt shocks.
Much of the trillions of bad debt that caused the crisis of 2007-2008 was never worked out or resolved, despite the govt and Fed buying a few years to do that (with TARP, stimulus, and QE).
It's still there on balance sheets being marked to model rather than market. We're more or less right back at square one, but with the Fed and Govt having used up much of their ammo this time. Fewer options this time around. Imho best we can hope is a managed decline for a while, no abrupt shocks.