Bottomline: we are going to have to get back to producing and saving in this country and move away from consuming and spending (particularly money we don’t have) before things get better. It could be a long slog ahead.
Posts Tagged ‘Gerald Celente’
The Real Issue with Dubai’s Debt
Dubai is just a harbinger of things to come for sovereign debt – Jeremy Warner
These are the exact things Peter Schiff and Gerald Celente were warning about a while back. The issue with this surprise Dubai news is not that they may default on $80-90 billion in debt (the news that came out today). Rather, [...]
Russia Today with Gerald Celente on the Economy
Gerald Celente discusses the current status of our economy with Russia Today. In posting this, it is not an attempt at fear-mongering, but simply to point out what needs to be heard so we elect leaders who know what they’re doing to get us out of this. Frankly, even most Republicans don’t seem to understand [...]
Commercial Real Estate Loan Foreclosures Coming to Pass
From Calculated Risk:
This is happening all across the country: falling demand [for commercial real estate] and still more office supply coming available as large commercial real estate projects are completed. This means falling rents and property values. And as the construction loans come due, there will be more and more losses for lenders.
From WashingtonPost article [...]
The Collapse of ‘09
I have no idea if these things will come to pass. It’s merely conjecturing and forecasting, so don’t stake your emotions in this and get all worked up. However, at the same time, this particular trends forecaster, Gerald Celente, has been dead-on in predicting major market crises and global events since 1980. He correctly predicted [...]
