Sunday, November 11, 2007
Thursday, November 01, 2007
Perfect Storm?
Here are some scary points to ponder.
US National Debt - $9 Trillion and counting
US Trade Deficit - $596 Billion and counting
Crude Oil Prices - Approaching $100 per Barrel
Gasoline Prices - Over $3 per gallon
Sub Prime Housing Market Meltdown - $900 Billion in suspect debt.
Total US revolving consumer debt (credit cards) - $915 Billion and climbing.
Total US Consumer Debt (excluding mortgage) - $2.46 Trillion and climbing.
Volatile stock market and increase in global terrorism.
Call me paranoid, but this has the makings of a perfect storm that could make the great depression look like a Sunday picnic. The only question remaining is what will be the final straw that breaks the camels back?
US National Debt - $9 Trillion and counting
US Trade Deficit - $596 Billion and counting
Crude Oil Prices - Approaching $100 per Barrel
Gasoline Prices - Over $3 per gallon
Sub Prime Housing Market Meltdown - $900 Billion in suspect debt.
Total US revolving consumer debt (credit cards) - $915 Billion and climbing.
Total US Consumer Debt (excluding mortgage) - $2.46 Trillion and climbing.
Volatile stock market and increase in global terrorism.
Call me paranoid, but this has the makings of a perfect storm that could make the great depression look like a Sunday picnic. The only question remaining is what will be the final straw that breaks the camels back?

