4 out of 6 factors that will cause the next recession or double-dip back to 2008 levels are already rearing their ugly heads. The four are: Housing Market (record level foreclosures), Oil (trading $88-$95), National Debt (now at 14 Trillion) and Municipal Bond market. So that is a 67% chance of a double-dip recession if any of these factors worsen.
1. The Housing Market
If previous recessions are any indication, the housing market is the most likely to sink the economy.
Recent unemployment report had a spike in the amount of Americans filing for unemployment benefits, which basically tells everyone out there that the jobs picture isn’t getting any better. These people had probably just been let go because they were only employed during the Christmas season.
Yesterday gold took a hit from roughly $1412 down to $1380 range…that was a drop of roughly $30 some odd dollars. I’ve been watching gold for a while, though I should have gotten long ago…I think there is still more upside for gold.
Right on December 31, 2010, I sold my Horizons BetaPro NYMEX Crude Oil Bull (HOU.TO) ETF Shares…this was the last day to do it. Because the Horizons BetaPro NYMEX Crude Oil Bull (HOU.TO) ETF Shares invest in Cruide Oil futures and futures / options always expire.
The initial financial collapse in 2008 was just the tip of the iceberg. Since then the U.S has been struggling to grow economically and millions upon millions of jobs has been lost. If you think things are getting better, you are probably watching mainstream media…truth is the U.S economy is struggling and run the risk of another collapse. Watch the documentary and make up your own mind.
The municipalities of America are going to default on their bonds, they will not be able to pay interest and pensions. If the Federal Reserve decides to bail out the municipalities of the states, then more U.S currency needs to be printed and this will further cause the de-valuation of the American dollar, not to mention that the deficit will increase again.
In continuation of the “Kangaroo Politics” that is going in Washington. The U.S Government is going to NOT tax people making $1,000,000 a year. Now, if they tax the rich people that make over a million a year, the tax dollars collected from that tax bracket is huge and can help pay off the deficit. However, the U.S Government is choosing to give the rich a break….well because an election is coming up soon.
In the past decade Neo-Nazi’s in Russian have been rising. Repeated incidents of violent street beatings of minorities and ethnics have transpired over the last five years with increased frequencies. These violent acts against people in Russian that look different whether Asian, Indian (dark skin), Blacks, Jews or Arab looking, have been perform by the skin heads of the Neo-Nazi movement.
Crude oil recently hit $90 a barrel and then retreated, however all the talk in the market is that cost per barrel of crude oil will hit about $100. In light of this I purchased a few weeks ago ETF shares in Horizons BetaPro NYMEX Crude Oil Bull (HOU.TO) when oil was at a price of $84…right now it is trading at $88-89. Few factors at play, we are going into the winter months and there will be a rise in demand next year according to most financial websites.
Here’s an example of a Florida woman who killed her baby son for interrupting her game of the popular FaceBook game “Farmville”.
Apparently she shook the baby to death, then had a cigarette to relax herself then shook the baby again.
http://gizmodo.com/5675347/woman-kills-baby-for-interrupting-farmville-session
Although this is not the first case of infant death due to game addiction. There have been others like a couple in South Korean that left their baby at home and went out to a gaming parlor to play World of WarCraft and forgot about their maybe. They returned to a dead child.
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