Wake-Up Call - 11/28/11

The Global Economy In Total Contagion

  

 

A second credit crunch has begun. An institutionalized bank run has started in Europe. We simply cannot predict how it will unfold. This is uncharted territory. No-one is capable of arresting this process. We have long-since reached the point of no return. Housing prices to continue to decline. Warren Buffett’s success: fact or blind luck? Consider the case of Bill Miller. Hyping up Black Friday. Don’t get sucked in. Another warning about money market funds. The horror of 22.4% (official) unemployment for 20-24-year-old high school graduates: a generation of socially disconnected adults who will resort to violent rampaging sooner or later.

Download this episode (right click and save)