Posted By Nick Nicolino on June 17, 2011
Does anyone read the papers anymore or really pay attention? Cause if you did you would know we are heading into a double dip recession. Now it isn’t like this is the first time I’ve said this. Actually, it’s been since the first recession that it was guaranteed we would not get too far passed it. Ok, so how is it guaranteed? Well, for one is that it’s happening across the world. There is no country that hasn’t been affected by this… and now they are all at the breaking point. Greece is the main one, but the data from China, which has been a total lie about how well they are doing, is finally admitting all is not good. In fact, it’s downright bad. Consumers in China have been pulling back and this is the economy everyone has been betting on to help lead the world out of the doldrums. Forget it. Ain’t gonna happen.
You cannot possibly take all the bad economic news around the world and think we are walking out of this.
Hard times are comin’
Hard times are near
Hard times are so close
That hard times are here.