Global Economy Slumps: U.S. 'Best Looking Horse in the Glue Factory'

Large amounts of capital will be lost. Millions of people will loose their jobs and will be unemployed. Millions of businesses will go bankrupt and go belly up. 1) Americans are no longer being paid livable wages because jobs are being outsourced over seas. Thanks to global free trade NAFTA, CAFTA, etc. 2) America is no longer the manufacturing super power. China has now claimed that title. 3) Paper money is loosing value but Gold and other metals will hold value for years but could go down in price. 4) Naked Short selling (Bonds): The selling of bonds that don’t exist. 5) What caused the Greatest Depression: Ponzi schemes, Naked short selling, Hyper inflated prices in real estate, the stock market, Debt, and the credit crisis. Unpaid debts..! 6) The US housing market value is plunging. Home values are now less than the mortgage payments. Unless a home was purchased in the 60’s (Pre-Hyper inflated pricing) the average home value will decline. 7) Unemployment shall continue to accelerate at an alarming rate. 8) Inflation will grow and crush the dollar. 9) Inflated military and defense spending (Unnecessary wars) etc. 10) The FDIC needs to borrow $500 Billion dollars for their insurance found.

This guy is wrong on everything he says.

well said

THROW THE (SENATORS) BUMS OUT OF OFFICE !! THEY ARE "HAND IN HAND", AND "HAND IN POCKETS" WITH THE "SHADOW BANKING INDUSTRY"I.E. "ONE WORLD ORDER". Obama did not "pass the laws" that are getting us deeper and deeper in debt..this was all "put together by your legislators ! and they all need to be given the boot out of office !! Please do so next election!!

The market sold to the downside all day. The late day rally is not a trend to the upside, it is a warning. Look at large caps with large institutional holdings. The big boys are buying each others junk and hoping someone makes a buck. Short term guidance/trades are common enough to signal a weak rally. The Big Move to the upside may not come until the DOW edges close to 3k. All the hype points to further downside trends. It's a buyers market if you got an extra twenty bucks or so. SMILES...Yee HAW!

cool

Recession + Obama = Depression

The free market is at work to correct the excesses of the past decade. Your house and stock were never really worth what you thought they were---it was a bubble. Blaming Obama for the right wing policies in play since Reagan is very misguided.

Cool! I begin to study my own face in the mirror....^_^ Happy 3.8 holiday!

A government that takes care of all you own, can also take away, all you own.-Thomas Jefferson.

AND THE BEST LOOKIN HORSE OUTSIDE THE GLUE FACTORY IS"....."CHINA"...THEY ALMOST OWNS US,, 1.2 BILLION ..WORKERs and if you dont work... if you screw up,,,YOU GO TO HEAVEN,,

EXCESSES OF THE PAST DECADE ..TRY THE EXCESSES OF FOUR DECADES,,,,

Hey, it took eight years of the Republicans turning there back on an eminent crisis while the Fat Cats on Wall Street stuffed thier pockets and now everybody expects Obama to fix it in 6 weeks. GIVE ME A BREAK. It all comes down to greed and mismanagement and a lackluster system of checks and balances that hopefully is in the process of being corrected. If the current Fat Cats don't want to be held responsible for thier actions the get the hell out and let someone who actually gives a damn take the reigns of some of these companies who will actually work for a days pay, not some golden parachute handout.

The craps table is better than the slot machine. Wake up the casino is going bankrupt! Gee who could have possibly guessed that electing a corrupt Chicago politician with ties to terrorists and a radical socialist agenda to the highest office in the land would end in disaster? Oh yea me! How does that hope and change sound now! Yes we can have socialism. Elections have consequences folks. All you conservatives who stayed home on election night get off your a$$ next time. Freedom is not free you have to vote for it! -THE CONSERVATIVE RESISTANCE

The Republicans have the answer......make the wealty wealthier....and spend only on the military.......we dont need no schools.....we dont need no healthcare......we dont need no stinken badges.......when the top 1 % has all.....they can trickle on the rest.....they will be relieved and the rest will be happy.....hell there is even a new fox tv series proclaming a benovolent monarchy for the USA.....maybe Rush will be the court jester

"Knowledge is a treasure, but practice is the key to do it" Politics is perhaps the only profession for which no preparation is thought necessary......

US dollo nr is serious overvalued, given the GDP contraction of -6.2% 4Q 2008 and , and will stay recession throughout 2009, soaring jobless at 8.1 % still rising, 1.7 trillion budge deficit ,15 % decline in export ,40 billion trade deficit. This overvaluation in dollar will further drag US export decline and GDP further contraction. , eventually will drag dollar lower, like it did to EURO and Yen overvaluation in the past. details on www.osawh.com/currency.html www.osawh.com/macro.htm

did he say we are not gonna be able to export our way out of this? when was the last time we were able to export our way out of anything?

The world markets are in trouble. The no-brainier buy/sell psychologists writes a book. Americans lose their hope and turn to war and violence. Why should the common folk care? I don't see any reason to panic. It's all hype, gang. Real value comes from playing the game, and if you want to win. eventually you will need to buy into the market and then sell for a profit. I'm buying, your selling, someone has got to pay. I wish you all luck!!! The World markets are begging for your dollars, and I'll buy your useless stock. Get it? Good, now let's play the game. God Bless America!

Maybe we are just better liars about our economic figures. So EVERYONE else in the whole world is way worst than us? 5% growth is really bad? - Because it is China is the explaination. Why do I feel like I am being fed total BS propaganda by a country on the verge of collapse? This over selling of our country really scares me.