fencerider2
01-15-2009, 09:17 AM
Demand has totally gone away for practicly all commodities, except ammo which may hold strong. Inflation will not be a worry for a long time with the destruction of at least Two trillion dollars of debt.
Gold Bugs may get a rude awakening with the coming deflation.
Store's are dead, restaurants are going out of business. Several major retailers will file for BK this year, debt is the devil. Malls will look like ghost towns with low occupancy rates and spider webs hanging from the ceilings.
Unemployment will be worst than anything we have seen in our lifetime. Most people's spending habits will change forever, no more buying bullshit on credit cards.
Yesterday at Sam's I complained about the prices, they are robbing people, I have made my last trip to Sam's for awhile. Their is absolutely no reason for them to raise prices except for profiteering, they're crooks.
Walmart sells above manufactures MSRP on some items, I am not making this up, its a fact.
I expect the DOW to slip into the Six Thousand range, S&P low Six Hundreds and the NAZ around Eleven Hundred this year.
Housing will get much worst this year even with government support which is a joke. Once the banks decide to dump, it maybe another Two years before we see any kind of stabilization in prices.
Well you have my Nouriel Roubini expectations, lets hear your.
Gold Bugs may get a rude awakening with the coming deflation.
Store's are dead, restaurants are going out of business. Several major retailers will file for BK this year, debt is the devil. Malls will look like ghost towns with low occupancy rates and spider webs hanging from the ceilings.
Unemployment will be worst than anything we have seen in our lifetime. Most people's spending habits will change forever, no more buying bullshit on credit cards.
Yesterday at Sam's I complained about the prices, they are robbing people, I have made my last trip to Sam's for awhile. Their is absolutely no reason for them to raise prices except for profiteering, they're crooks.
Walmart sells above manufactures MSRP on some items, I am not making this up, its a fact.
I expect the DOW to slip into the Six Thousand range, S&P low Six Hundreds and the NAZ around Eleven Hundred this year.
Housing will get much worst this year even with government support which is a joke. Once the banks decide to dump, it maybe another Two years before we see any kind of stabilization in prices.
Well you have my Nouriel Roubini expectations, lets hear your.