Super Stock Blog

Posts Tagged ‘pace’

Jim Rogers (former Quantum Fund manager)Predicts Bigger Financial Shocks Loom…do a google search on the name.

The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff

Wholesale inflation surged in July- fastest pace in 27 years http://www.msnbc.msn.com/id/26286459

indeed, the U.S. financial debacle is now so ingrained – and a so-called “Super Crash” so likely – that most Americans alive today won’t be around by the time the last of this credit-market mess is finally cleared away – if it ever is, Rogers said.

The end of this crisis “is a long way away,” Rogers said. “In fact, it may not be in our lifetimes.”

As a person who survived under the Carter Administration let me assure you that our national economy is in no uncertain terms as bad as the late 1970's or early 1980's. Even then, most people survived.

So, you can stop the Al Gore chicken little panic.

Geez, Democrats are shut wimps!

The average American probably feels as if the sky is falling because the average American does not financially prepare for lean times. Maybe, when the current slump is over, people will learn to not live beyond their means and manage money more wisely. Turning to the government ( which doesn't live within its means, either ) to bail out those that lack financial responsibility is not the answer. ask someone who has been wise with their finances over the years if they are suffering right now? The answer is no.

Does the average American know what is happening with the financial crisis we face?