Soros on PBS said the "acute phase is over" but he wen ton to stress "misery is just beginning for the consumer."
Adding that to the rapid severe correction in the hyprinflated real estate market which the Yale prof Schiller predicts will fall, "at least another 30%" and I'd say we are just beginning to see the crisis at street level.
Food, gas, etc. will rise by an enormous amount and $10 a gallon is not out of the question. The huge demand for copper, iron, etc is already driving things lots ammunition for hunters up 40% and Walmart says ammo will rise by another 40% by end of year....so my hunter/neighbor tells me.
I think the situation speaks for itself.
How does this affect Northrop shares? That's what I would like to know.