Ominous Economic Signs

…For those who have been paying attention recently as the West plummets deeper into Depression and the global economy teeters; the news that came out today was enough to send shivers down one’s spine. On a single day we hear that Europe’s interest rates have descended closer to the zero-percent graveyard already occupied by Japan and the U.S.; China has slashed its own interest rates again; and the (ridiculously inflated) U.S. “ISM” service sector measurement has reached its lowest level in 2 ½ years.

Each of these news items has dire implications, and so I’ll spend a moment dissecting each of them…

http://etfdailynews.com/2012/07/05/a-crash-warning-has-been-issued-for-the-economy-buy-gold-and-silver-gld-slv-iau-agq-tza/

Speak Your Mind