Loading ...For 2010, I’m expecting a blood bath for the middle class. It will be another year of joblessness and homelessness. Nothing that the government is doing in 2009 has brought confidence into the real economy. They had an opportunity in 2009 and they blew it!
Everyone knows what caused the financial mess. It was the fraud and unethical behavior of executives like Angelo Mozilla of Countrywide with other lenders who pumped million of fraudulent loans. The economy is still destroyed and on life support only helps up by the wiliness of 0% lending to the criminals and stimulus handouts. Over 6 million Americans lost their jobs in 2009, but hey, it was a great year. The stock market ended 18%, 25%, and 43% higher!
2010 will be much like the previous few years. Fraud and manipulation will run wild until the economy starts to sparrow downwards again. Because Bernanke is spineless and Obama loves bankers, inflation will be the biggest challenge we will face in 2010. They will continue to do whatever it takes to print our way out of this mess. We are now entering the 11th year of a 20 year like Japan economic catastrophe.
This content is restricted to site members. If you are an existing user, please login. New users may register below.