Somebody has to WARN the FOOLS
YOU BETTER PREPARE!!!!! You have been hearing this for a Year....
Worst quarter for the economy since the 1930s
In terms of lost wealth, lost jobs, falling output, the fourth quarter stands out
WASHINGTON (MarketWatch) -- Now that the books are closed on the fourth quarter's performance, it's fair to say that the final three months of 2008 will go down as the worst quarter for the U.S. economy since the 1930s.
In terms of the things that matter most -- output, income, wealth, profits, foreclosures and job growth -- the fourth quarter was a disaster.
If you look at each of those categories in isolation, we may have seen worse on rare occasions, but when you examine the big picture, it was the worst since the Depression.
If you thought the 4th Quarter was a Disaster....just wait for the numbers coming out on the First Quarter in the next few weeks!!!!!!!!!!!!!!!!!!!!
The problem now is that more and more are being infected with Toxic Borrower Syndrome and the FU virus. And millions MORE are likely to contract the disease making the severity of the downturn much worse.
We are just about to enter the second quarter....the outlook is even worse than the First and the First really sucks.
The problem is that when people go broke or lose their job....there is little in the way of replacement employment to generate income.
Not only that, millions more jobs are in jeapordy.....I spoke with a few friends in the transportation industry...things have really slowed in recent weeks....this is the kind of stuff you can't find easily unless your buddies actually own the company or work in the industry.
Healthcare is now slowing as well....people are putting off visits to the doctor and procedures.
Commercial Real Estate is about to go through what housing has experienced....but this one will be relatively MUCH WORSE since commercial property is more discretionary.
Autos, Residential and Commercial Real Estate, Health Care and Finance account for the majority of our economy....add in Retail and Restaurants and Travel and we pretty much wrap things up as technology is dependant on the success of these industries.......
Get Ready....It is about to get REAL SLOW.....REALLY REALLY SLOW as people and business run out of money and others hold back on purchases....
It seems clear that America and the world is about to enter the GREATEST DEPRESSION in history. I have been trying to warn you for the past year.....and it is just about here.
Do I have your ear????