american economic crisis

Jubak says fire the treasury team, but we need to know that the future look grim for the world. This is not just a US crisis, we see that the problem is global in nature.

My prediction is that things will continue to get worse. Back in 2005 things were still looking up, but Hurricane Katrina started the downward spiral. I predicted a major hurricane hitting the US in 2005 and skeptics laughed.

When it hit they said it temporary. Well, many parts of New Orleans were never built back. The US housing market sank first, this took out the banks, then the stock market fell and now we see that Detroit is in trouble.