In response to:

No Recovery: This is Just the Eye of the Storm

CuriousKevmo Wrote: May 07, 2012 12:00 PM
Oh how I wish you were right Pistol but I see NO evidence that folks are waking up to the mess we are in. Once the services get cut, the demonstrations will start, followed by the riots. It's going to get a LOT uglier before people wake up to the problem I'm afraid.

Over the last six months the economy, our debt problem, and the problems in Europe have largely taken a backseat to the presidential race. Though things have often appeared calm, the truth is that nothing has changed.

Greece is still in trouble, as is Europe. Our debt situation has been ignored for yet another year. The Federal Reserve is still standing by with QE3. And our fiscal trajectory is still on a course for economic collapse.

  • Problems in Europe. European confidence is falling across the board and there are even contingency plans underway...