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johnnyrocku (99.57)

Why I am bearish

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June 13, 2008 – Comments (1)

There's plenty to be bearish about in the US these days...

The price of oil (and gas) is high... http://www.wtrg.com/prices.htm

The value of the dollar is low... http://mwhodges.home.att.net/exchange_rate.htm

The national debt is high... http://www.brillig.com/debt_clock/

Consumer confidence is low... http://thinkprogress.org/2008/05/16/consumer-confidence-at-lowest-level-since-1980/

Personal debt is high... http://www.khouse.org/enews_article/2008/1315

Personal savings rates are low... http://www.washingtonpost.com/wp-dyn/content/article/2007/02/01/AR2007020101276.html

The unemployment rate is rising... http://gregmankiw.blogspot.com/2008/05/us-unemployment-rate.html

House prices are falling... http://www.efinancialnews.com/tradingandtechnology/index/content/2350776881/restricted

Subprime crisis is still playing itself out, for example, as HELO's which haven't been factored in yet... http://www.nytimes.com/2008/03/27/business/27loan.html?pagewanted=print

We're in an unnecessary and costly war... http://money.cnn.com/2008/06/11/news/economy/iraq_war_hearing/index.htm?postversion=2008061212

Global warming may already be irreversible... http://www.commondreams.org/headlines04/0315-04.htm

And let's not forget this guy... http://politicalhumor.about.com/library/images/blbushworry2.htm

I'm hopeful things will turn around in the not-so-distant future, but for now, I'm staying bearish.

jr

 

 

 

1 Comments – Post Your Own

#1) On June 13, 2008 at 3:53 PM, alstry (35.71) wrote:

Nice Summary

How about banks not able to lend money?

How about who is going to pay all this debt back now that revenues are evaporating?

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