"Indeed all the signals are already on red: employment isn't moving up, the jobs created are paid very much less than those lost, poverty is exploding throughout the country".and the US multinationals have increased announcements of falling profits for the second half of 2012 and 2013, returning to the levels of 2008/009, typical of a recession period."
All this is happening against a backdrop of "less-well managed geopolitical challenges."
If that's not bad enough, just wait. The worst is yet to come. Only its timeline isn't known. If past is prologue, perhaps it's coming at a time of irrational exuberance when least expected. It wouldn't be the first time.
Stephen Lendman lives in Chicago and can be reached at Email address removed .
His new book is titled "How Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War"
Visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.