Tuesday, May 31, 2011

HOUSING DOUBLE DIP COFIRMS NEW "GREAT DEPRESSION"...

THE US ECONOMY IS A FRAZZLED MESS...AND EVERYONE ON MAIN STREET KNOWS IT...

ONLY NOW IS WALL STREET CATCHING ON TO THE SERIOUSNESS OF AMERICAS EXISTENTIAL DECLINE...

AMERICA IS NOT COMING BACK...THERE WILL BE A "NEW NORMAL" AT A VERY VERY LOW LEVEL...

IN ANOTHER 10 YEARS...AMERICA WILL BE VERY SIMILAR TO LATIN AMERICAN AND EASTERN EUROPEAN ECONOMIES... SIMPLY BOUNCING AROUND A VERY LOW LEVELS OF CONSUMPTION AND SPENDING...

ULTIMATELY THIS FEEDS INTO THE WORLD ECONOMY...ASIA, CHINA AND THE REST...

NOTHING CAN STOP AMERICAN DECLINE NOW...ITS STRUCTURAL AND ITS PERMANENT....