Why things currently seem so bleak:
- Overleveraging (subprime mortgages, credit-default swaps, hedge funds, low interest rates)
- Lack of oversight in credit markets
- Commodity bubbles (oil, corn, natural gas, gold)
- Interlocking world credit markets
- Slowdown in Chinese infrastructure spending after the olympics
- Lack of fiscal discipline in government spending
- Competition for hegemony (Russia, Venezuela, Iran, North Korea, Syria, China)
- Decline in statesmanship among U.S. politicians
- U.S. Election (Democrats seeking advantage by talking down the economy)
- U.S. Elections (growing fear about the consequences of an Democrat sweep)
- Decline of objective media reporting
No comments:
Post a Comment