Dollar gains

Dollar gains on greece worries. Situation is very grim. This will impact our economy. Yeah, and not in the proper manner. In fact, we see our economy slowly slipping back into a major recession. Here is what that can mean. Like, if you think that things are bad now. Well, they are going to get super worse.

US auto sales down

Sadly, here comes more bad news. It is a time for trouble for GM again. Chrysler is not going to make it, because its end is near. US auto sales were down again. Customers are avoiding automobile show room. Dealers are not selling cars. The economy is slowing down some more. Well, we do not know how to jump start this poor economy.

economy in crisis

People this is serious. The eurozone economy is plowing right into an financial armageddon with a major currency crisis. This is going to get worse. Expect the problem to spread beyond greece. I predict more pain in spain. Portugal may fall soon. Expect this crash to affect the entire global economy.

What we need to do is become aware. For too long we have been sleeping and it is time to wake up. The situation is not getting and better, but becoming much worse. Fact facts as to what we see.

Basically the moneyyards are empty and then some. Banks have no money. Hey, even if they did, they are not making loans because they know what is coming.

Japan in trouble

Japan's economic expansion is much lower than expected so government must reduce expenses. Folks, the second largest economy in the world is in trouble. This is terrible news. What we see is that there is no recovery. It is phantom prosperity that is only a vaporous mirage.

Japan's economy is going into a double dip recession. This should not come as a surprise. I have warn the world that things are going to get worse.

no recovery

Well, economy is on gone, no recovery is near. Christmas sales will be very much less than retailers have hope for. Due to surge in unemployment many are staying home this year. Airlines are going half full to near empty on some route. This is no the news that many did want, but our economy is in woe.

economy worsens

Labor department says year over year initial jobless claims are up 28%. That means as bad as things were last year, and trust me they were not good, this year it is worse 28%. In fact our economy is still in a tail spin heading for a crash. This does not sound to me as an economic recovery. I mean our severe recession started in 2007, and here we are in core 2009 and it is getting worse.

Bailing out the banksters

The Down Jones was up yesterday near 400 points, still the economy is in shambles as warren says and it will be a while before we can expect a recovery. Motoring manufacturers such as GM say that demand for automobiles is way down.

Let's face it, the banksters are a bunch of bad asses assets. Sadly, our gov may have to close down big banks because nationalizing Citi is poo. What we need is a clean reboot and a fresh restart of of our economy. I would not give penny one to the banksters. The gov says they are tooooo tooooooo big to EPIC FAIL. Poppycock, let em go!