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30 reasons for Great Depression 2 by 2011

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MindPilot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-18-08 11:37 AM
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30 reasons for Great Depression 2 by 2011
New-New Deal, bailouts, trillions in debt, antitax mindset spell disaster

ARROYO GRANDE, Calif. (MarketWatch) -- By 2011? No recovery? No new bull? "Hey Paul, why do you keep talking about a bigger crash coming by 2011?" Readers ask that often. So here's a sequel to my predictions of 2000 and 2004, with a look three years ahead:
First. Dot-com crash
We pinpointed the dot-com crash at its peak, in a March 20, 2000 column: "Next crash? Sorry, you won't see it coming." Bulls-eye: The dot-com bubble popped. The economy went into a 30-month recession. The stock market lost $8 trillion. And today, over eight years later, the market is still roughly 40% below its 2000 peak. See previous Paul B. Farrell.
Factor in inflation and the average stock has lost well over 50% of its value. Stocks have proven to be a very big loser, a bad investment for Americans, thanks to Wall Street's selfish greed, plus the complicity and naiveté of politicians, press and public.

http://www.marketwatch.com/news/story/Well-Great-Depression-2-2011/story.aspx?guid=%7BB28B49B5%2DEFD1%2D4941%2DB57E%2DA2BA1545BA09%7D&dist=SecMostRead

Scary article.
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Winterblues Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-18-08 11:45 AM
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1. Eliminate the term "Great Depression", it is Republican Depression
and what we are experiencing and about to experience is the second edition of the Republican Depression...
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MindPilot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-18-08 11:50 AM
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2. Yeah, you are correct. But you just know that by summer it will be
"Obama's..."
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Glorfindel Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-18-08 12:16 PM
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3. It won't take that long
It will be "Obama's Depression" by 02/01/09.
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