I see an economic diasater coming...

[the_big_m_in_ok]

Best failed list ever!  With more than 450 banks added to the troubled banking list this year promises to be a fun one.  And the new addition to banking problems, the Credit Act!  Yes that is right the Credit Act promises to make more banks fail because they can no longer turn to the easy income of jacking up credit card intrest rates on unsuspecting slobs.  Good Luck to all this fine year of 2010!

http://www.fdic.gov/bank/individual/failed/banklist.html

I agree wholeheartedly.  There's something else:

Have you see what's happening in Greece?  Social unrest with violent riots in the streets.  If France or Germany doesn't come to their aid financially, "there'll be hell to pay", as it were.  And then there's Portugal, Ireland and Spain waiting in line with additional requests for help.  Glenn Beck, the conservative American TV commentator, says Europe is a 'powderkeg', and I know what he means.

Have a look at this:

http://news.yahoo.com/s/ap/20100225/ap_on_bi_ge/eu_europe_age_of_austerity
NOTE:
This article may be replaced with fresher news, unless it's archived on some particular server database. 
If so, GOOGLize:  "european union pushes cuts indebted countries".

[the_big_m_in_ok]

There was an article yesterday in the NYT stating that they US has hit a cross roads. ... 

According to this,

http://www.foreignpolicy.com/articles/2009/07/23/the_china_bubbles_coming_but_not_the_one_you_think

China also has a decision to make at a sort of crossroads:

Continue to buy Treasuries with dollars, and, at the same time, continue to inflate an ever-growing bubble;
or,
"see the light" and try to cushion The Economic Fall buy getting away from dollars as an investment currency or debt payment from the USA.


"Another nail in the coffin."  There are a growing number already tightening the lid.

--Lee

[the_big_m_in_ok]

I think that was the point of the whole article, we are screwed either way.  a few more articles are out today for all you fark.com is a great place to see them.  the new articles go on to explain why we are damned pretty much.

Azorus, and others who say that, are right:

http://www.abovetopsecret.com/forum/thread550491/pg1

(There are other sites which expound upon the same thing, but they're more explicit in their language.)  GOOGLize, "confirmed march 24 2010 doomsday"  for other blog entries.

The general consensus in Britain, some say, is that there is no effective 'recovery' and people there as well as elsewhere(read: the States) are really getting fed up with the professional politicians.
So what's new?
If they get scared enough about the future, they may think they have little or nothing to live for.  Mob mentality can be dangerously unpredictable.

We'll all just have to wait until the 24th to be sure.



RECENT REEDIT:
http://news.yahoo.com/s/ap/20100310/ap_on_bi_ge/eu_britain_financial_crisis

Britain is looking more like Greece lately.

--Lee

[the_big_m_in_ok]

Lee said:

Britain is looking more like Greece lately.

http://www.politico.com/news/stories/1109/29330.html

China does indeed have a bubble.  But, other analysts maintain that the Chinese economy isn't as dependent on housing sales like the American economy was.  Chinese officials are moving to curb price growth in the real estate market now.  Whether or not that's successful remains to be seen.

--Lee

[the_big_m_in_ok]

the_big_m_in_ok said:

Britain is looking more like Greece lately.

...And America is going down the same path as Greece.

http://news.yahoo.com/s/ap/us_power_and_debt_analysis

--Lee