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Bob Chapman - International Forecaster - Mon 10th September 2007
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Bob Chapman - International Forecaster - Mon 10th September 2007
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September 09, 2007, 04:45:00 PM »
Gold, Silver, Economy + More
By Bob Chapman, The International Forecaster
Posted Monday, 10 September 2007
US MARKETS
The Fed continues to tell us the credit crunch will have little impact outside of real estate. They must think we are all morons. In the Fed’s Beige Book, four of 12 districts reported that their economies continued to grow. They failed to tell us the conditions in the other eight regions. They evidentially are not interested in full disclosure, only reflective disclosure. The report is full of lies and omissions and it is enough to make you puke.
Planned layoffs rocketed in August as the housing slowdown and subprime mortgage debacle led to record job cuts in the financial sector. Announced layoffs surged 85% to 79,459 in August from 42,897 in July. Fifty percent came from the financial sector at 35,752.
The first truly global bubble in asset pricing has broken and unfortunately it is accompanied by a credit crisis...
More...
http://news.goldseek.com/InternationalForecaster/1189437071.php
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