United States Economic Crisis

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Wednesday, August 4, 2010

Will this stock market rally continue?

The markets have been enjoying a nice rally this summer. The month of July was one of the best in years as the Dow Jones added 7% to its value from the last day of June. So far this month it has gained 212 points to a closing high of 10,680. However, there is one thing missing with this rally.... Sign in to see full entry.

posted by theapproachingwinter at 6:45 PM | add or view comments (0) | leave calling card | link to this | view only this entry

Thursday, August 20, 2009

The Coming Greatest Depression of all time doesn't care who is president

It is incredible what people are saying about our economy recovering. From the Federal Reserve to covers of magazines the so called "experts" are jumping for joy that we are recovering from this so called "worse recession since World War II." What world are they really from!? It has to be either the... Sign in to see full entry.

posted by theapproachingwinter at 10:55 PM | add or view comments (2) | leave calling card | link to this | view only this entry

Sunday, January 25, 2009

The Start of the Greatest Depression - 2009

This last week Americans and the world witnessed history as the first African-American became President of the United States. Barrack Obama became the 44th president of the U.S. To many this day will be remembered forever. To other Americans it was the satisfaction that President George Bush,... Sign in to see full entry.

posted by theapproachingwinter at 7:46 AM | add or view comments (1) | leave calling card | link to this | view only this entry

Saturday, January 17, 2009

Stock Market Rally Ahead: After That Then What

Stock markets around the world have started 2009 as they did last year. The big bear market continues. But is there a bottom in the near future? Some market statisticians are predicting a new low in the Dow Jones and other indices. This would be below 7,449 in the Dow. However, how far will it go?... Sign in to see full entry.

posted by theapproachingwinter at 11:43 AM | add or view comments (0) | leave calling card | link to this | view only this entry

Friday, December 26, 2008

The United States Economic Crisis

In my first book, The Approaching Winter: The Next Great Depression, I wrote, “ In my opinion, the causes of the next great depression will be clear: An unseen reversal in psychology from optimism to pessimism was the catalyst to a bear market in stock exchanges in 2000. Basic economics and common... Sign in to see full entry.

posted by theapproachingwinter at 7:32 PM | add or view comments (1) | leave calling card | link to this | view only this entry

Monday, October 13, 2008

This Wall Street crash will directly affect Main Street

People that think the today's record setting rise in the Dow Jones will get us out of the woods need to read the following quote. Please note the date. “In most of the cities and towns of this country, this Wall Street panic will have no effect.” Paul Block, President of the Block newspaper chain,... Sign in to see full entry.

posted by theapproachingwinter at 6:56 PM | add or view comments (2) | leave calling card | link to this | view only this entry

About this Blog

In my first book The Approaching Winter: The Next Great Depression I wrote, “In my opinion, the causes of the next great depression will be clear: An unseen reversal in psychology from optimism to pessimism was the catalyst to a bear market in stock exchanges in 2000. Basic economics and common sense were abandoned as government leaders, in their insatiable thirst for power, ignored the warning signals of the largest national and personal debt in history and an extreme over-extension of credit. The bursting of the credit bubble, along with the crash of the stock and housing markets, ushered in fears of deflation and a contracting economy. And that will produce a downward spiral of despair and the greatest U.S. depression of all time.”

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