I see an economic diasater coming...

[triffid]

A few days ago I went back to my favorite thrift store and bought about 12 more financial books.I got ahold of another book by Harry S.Dent.Its called "The Roaring 2000' s Investor"CC1999.Hes the guy who believes in cycles.He also says that the size of the population is what causes problems in the economy and therefore certain aspects of the future can be predicted.He states in this book that the baby boomer group is 5 times bigger than the last group behind it.Says too that most of the countries in the world except for Japan had a baby boom in the years 1950-1957.He says too that the size of the middle class in a lot of other countries is smaller than the middle class in the united states.These are things I don't see in the papers or on the TV.triffid

[Qwert]

...   ...

Adolf, you must be from Israel.

[triffid]

http://finance.yahoo.com/news/first-person-graduating-down-economy-174200774--finance.html  news on graduating from college in a down economy.

Assuming the job market and economy doesn't recover in the next three or four years, my sons will be graduating into a recession just as I did back in the early 1990s. According to a new study by Pew Research Center cited in U. S. News & World Report, half of people ages 18 to 34 are working at jobs they don't like just to pay the bills. Moreover 1 in 3 of young men and women in Generation Y  say they have delayed having children or marriage because of the recession. My sons are the youngest of the Gen-Y group that is currently facing hard decisions in life.

[triffid]

Lawmakers not doing much to avoid fiscal cliff  http://news.yahoo.com/little-progress-fiscal-cliff-talks-senior-lawmaker-says-161636953--business.html   No big surprise there.triffid

[triffid]

WASHINGTON (Reuters) - U.S. lawmakers have made little progress in the last 10 days toward a compromise to avoid the harsh tax increases and government spending cuts scheduled for January 1, a senior Democratic senator said on Sunday.
The United States is on course to slash its budget deficit nearly in half next year. Closing the gap that quickly, which in Washington is referred to as going over a "fiscal cliff," could easily trigger a recession.
"Unfortunately, for the last 10 days, with the House and Congress gone for the Thanksgiving recess ... much progress hasn't been made," Dick Durbin, the No. 2 Senate Democrat, told ABC's "This Week" program.
A deadline is looming. Absent action by lawmakers and President Barack Obama, roughly $600 billion in tax increases and spending cuts will start to hit households and companies in early January.