what if like many earthquakes , at first there is a tremor, some damage, recovery, smiles and then the big hit.
what if the financial crises of 2008, recovery in 2009 with smiles in 2010 results in a big crises in 2011.
a bit morbid
but, important to analyze.
Kevin, my good friend sent this over. when kevin asks you to read something, a good portion of the time, you really want to read it. kevin is blessed with outside-of-the box thinking, contrarian point of view, blended with down-to-earth smarts, and the ability to think different and say it.
i think you should read this . (un?) likely but plausible
“Over any extended period of time, no economy can be prosperous if the government is
- raising tax rates,
- printing too much money,
- over-regulating, and
- restricting international trade.
It’s really as simple as that. Especially when the U.S. economy appears to have “green shoots”, it’s imperative to remember the U.S. economy cannot have prosperity given the policies of the Obama administration and Congress”
During 2010 the economy will continue to improve, growing by more than 4%.
By the end of 2010 the unemployment rate could fall to as low as 7.0% and the Obama Administration will be busting with pride and conceit. And then 2011 will enter center stage, followed quickly by an economic catastrophe.
All the factors that will make 2010 (and have already made the last half of 2009) look so good will reverse direction, and 2011 will be a train wreck. The first effect is the so-called “slingshot” or “freefall” effect. Whenever an economy stops freefall, as the U.S. economy has, everything seems better because it’s getting worse more slowly. The slingshot effect will exert a powerful positive influence on the U.S. economy in 2010 but won’t exist in 2011.
if this is indeed the case, what should we do today?
looking for a new job?
about to commit to a new house?
consider this and may the force be with you.
i am still optimistic, but think this should be on our radar screens