Celente: Market Self-Deception Continues on the Flimsiest of Excuses


Rosenberg: Here Are 13 Signs That We're Actually in a Depression Right Now. 


Obama Added More to National Debt in First 19 Months than all Presidents from Washington to Reagan


Michael Burry is Long Farmable Land, and Agrees With Paulson on Gold (But Not the Other "Recovery" Themes). (Greg's observations: "Michael Burry, a famous hedge fund manager has stopped investing other people's money altogether and has gone 'all in' on farmable land with water on site and physical gold. I think that this guy is a undercover prepper.")

 

Fed Banks: 'Widespread Signs of Deceleration' in Economy

U.S. Poverty on Track to Post Record Gain on Obama's Watch

 

Consumer Credit in US Fell $3.6 Billion in July, Fed Says



OECD Cuts Global Economic Growth Forecasts




"I Want Your Money" Official HD Movie Trailer





*** The following contains adult language...If you can't handle it... then don't watch it...

It won't be long now until the Pelosi hits the fan...

In The News Today

Posted: Sep 11 2010     By: Jim Sinclair      Post Edited: September 11, 2010 at 9:40 pm
Filed under: In The News
Jim Sinclair’s Commentary
The LA Times carried the following:

Commercial property is usually purchased in short-term loans–much different from the 15-30 year fixed rate loans on homes. When the term of a commercial loan is over, the loan is either re-negotiated under current interest rates, or the property is sold. But how do you sell commercial real estate that has fallen in value so steeply that the outstanding loan amount exceeds the salable price? You can’t.
When customers don’t come, businesses have to close. When enough businesses close, landlords, try as they might, cannot find tenants. When landlords can’t find tenants, they default on their loans. What happens when enough banks who are too heavily invested in commercial real estate suddenly start having huge portions of their investment portfolios going sour (again)? Stay tuned…
It would appear that Los Angeles is entering phase two of this cycle. The great social experiment that was the State of California appears to be lost in an ever-accelerating death spiral.
This will not end well.

More…







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