by Mac Slavo | Jan 24, 2009 | Forecasting, Gerald Celente
Gerald Celente’s recent article Code Red – Economy in Collapse warns us that the worst is yet to come, yet 71% of Americans polled by the AP believe that the economy will get better in the first year of the Obama presidency. Wishful thinking? We think...
by Mac Slavo | Jan 23, 2009 | Jim Rogers
Jim Rogers, CEO of Rogers Holding, is interviewed in the UK and he starts off with a little dose of reality: the recession is here. anybody who doesnt understand that should just walk out and look out into the street and they’ll see the recession. It’s...
by Mac Slavo | Jan 23, 2009 | Marc Faber
Marc Faber is interviewed on CNBC. On the markets in 2009: I don’t think it will be much worse [than 2008]. I don’t think we’ll drop another 50%. But the contrarian view would be that all the monetary and fiscal injections by governments fail and...
by Mac Slavo | Jan 23, 2009 | Headline News
While many analysts suggest we are at, or are nearing, a bottom, here at SHTF we believe the bottom is nowhere in sight. Retailers continue to get hammered by lowered consumer spending, resulting in a steady stream of seemingly never-ending job losses. And as more...
by Mac Slavo | Jan 23, 2009 | Peter Schiff
In his opinion piece today in the Wall Street Journal, Peter Schiff says that it won’t be the US that needs to sacrifice during the coming rounds of stimulus – it is going to be the Chinese, Japanese and Saudis who need to be prepared to sacrifice. Like...
