Back in 2007-2008, Bear Sterns and Lehman Brothers collapse. The toxic debts that cause their collapse and the ensuing financial meltdown has attributed to the bail out of the banks using taxpayers money totaling over 60 billion. Since then millions of jobs are lost, real estate super slump and debt problems across the U.S has not improved and this is coming back to bite the U.S and the world in the ass.
All you need to is a catalyst for everyone and the public to realize that no fixes has been implemented, the talking heads in Washington says things are being done to fix things, but that was all it was…just talk. I feel this new big headline of the collapse of MF Global declaring bankruptcy after making bad bets using investors money is the catalyst for the next big crisis in conjunction with what is happening in Europe. Over the next month, you might see the stock market go up a bit, but not make new highs and then in 2012 things are going to get hairy around end of Q1 2012.
This same pattern happened after the Lehman Brothers collapse. I anticipate over the next year we are going to see the U.S stock markets go downward towards the 2009 lows, and the ripple effect would go around the world, and it is this MF Global collapse that could possibly be the trigger. Watch the markets closely over the next few months.
by Das Brain
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