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GD 2

Great Depression 2 I'm writing this from the beautiful Marco Island, Florida, as we prepare for the 7th WMI m2 Wealth Conference. Outside its gorgeous, but inside...watching the stock market...is a totally different environment. F ...

Posted On November 21, 20084 MIN Read
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Great Depression 2

I'm writing this from the beautiful Marco Island, Florida,
as we prepare for the 7th WMI m2 Wealth Conference. Outside
its gorgeous, but inside...watching the stock market...is
a totally different environment.

Folks,as much as it hurts to write this...as much as I
absolutely hate to write this...I believe that the odds are
70/30 that we are headed into another Depression. And
theres not a whole lot that can be done about it, at least
not with a weak, lame duck President in office for two more
months, along with Treasury Secretary Paulson, who should
have been fired long ago. There's plenty of blame to go
around, and I have yet to see much that has impressed me
from Obama's early appointments. There's no official
economic indicator or definition that says we are headed
into another Depression, but its obvious to anyone watching
that things are about to get a whole lot worse. The stock
market is a leading indicator,and this massive move down is
telling us all that ...

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