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OpEdNews Op Eds    H2'ed 3/4/10

Double-Dip Recession Directly Ahead

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Put simply, it would only take ONE sovereign debt default to crush this anemic recovery, but no fewer than TEN major Western countries are now at risk!

What's more, no fewer than THREE powerful forecasting tools are confirming that a great bond market conflagration, stock market decline and double-dip recession are now on the horizon:

CYCLICAL ANALYSIS CONFIRMS IT

The cycles identified by the Foundation for the Study of Cycles have accurately anticipated nearly every major shift in market direction, in every major asset class, in advance ... for 39 years.

And now, as the Foundation's Research Director, Richard Mogey and I demonstrated in Nine Shocking New Forecasts for 2010-2012, the current cyclical analysis is confirming that a major new decline in the economy is coming later this year.

  • U.S. stocks will decline starting this year and continue falling in a zigzag pattern through 2012.
  • The U.S. dollar index may continue to firm somewhat as the European debt crisis drives investors into dollar-denominated investments. But then the greenback will collapse until late 2011 as the U.S. sovereign debt crisis runs its course.
  • Serving in its capacity as a global crisis hedge, gold will skyrocket FAR higher than $2,000 per ounce by the end of 2011.
  • Crippled by soaring interest rates due to the U.S. debt crisis, our economy will suffer a devastating double-dip recession in 2011.

POLITICAL ANALYSIS CONFIRMS IT

If the rise of the Tea Party movement or the results of recent elections in Massachusetts mean anything at all, it's that many Americans are fighting mad. They're fed up with Washington's bailouts of failed bankers and CEOs, skyrocketing federal deficits and debts, out-of-control borrowing by the Treasury, mindless money-printing by the Federal Reserve, and now, the specter of higher taxes ahead.

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Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've (more...)
 

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