Prepare to be SHOCKED!!!!!!
America is shutting down. Faster than many think. In the next few weeks prepare to read story after story about this plant or that plant, this business or that business idle workers or shut down completely. It will not be industry specific either.
Manufacturers, Retailers, Restaurants, Transportation Companies, Technology, Medical, and many more.......
Obama is talking about creating jobs and improving energy efficiency.......if my math is even close to being right.......there simply is not enough resources to offset the contraction. I hope I am wrong. I encourage all opinions opposite or contrasting mine.
Folks, the conditions going into this reversal is MUCH WORSE than the conditions preceeding the GREAT DEPRESSION. Back in the thirties we had a growing industrial base with cheap labor and very little debt. It is just the oposite today.
Maybe Arnold was right........we are trying to out run an avalanche. Better have fun while you are skiing......and don't look back.