Ironically ( and in light of yesterday’s post “seen here first” ) overnight, both China and Japan have now publicly warned that the U.S better get its act together pronto.
As well (and again, I’ve got no crystal ball down here….only Mayan Shamans) The IMF (The International Monetary Fund) has now released the following:
“World growth will be slower than expected this year and next, and will take another big hit if the U.S. fails to resolve its debt drama, the International Monetary Fund warned Tuesday”.
“The IMF cut its 2013 global growth forecast by 0.3% to 2.9%.”
In other news ( not like you’ll see it on your local T.V ) China’s growth forecasts “specifically” have also been reduced.
Getting the message anyone????
Are you getting the message?
Zoom out and take a look at the next couple years, pull out your tin foil hats and get your shopping carts tuned up. 5 years worth of incessant money printing / stimulus, stocks “inflated beyond belief” and NO RECOVERY!
The normal business cycle ( which has been the same for generations ) has been stretched ,pulled , manipulated , extended “past” what we’d normally call “normal” and it’s time my friends……it’s time to get real.
I’m open to discussion as to “what the hell” to do about it, but the bottom line is – silver clouds / hope / faith / positivity / good attitude doesn’t pay the bills.
Start thinking “seriously” as to where you can look to tighten.
For your reading pleasure: http://potstockwatch.com/2013/01/31/2013-you-will-never-trade-it/