Triple Crisis: Your First Defense
Martin D. Weiss, Ph.D. (June 16th, 2008) Writes:
I've lived through four U.S. recessions, two bouts of surging inflation and at least two close encounters with a Wall Street meltdown.
But this is the first time in my lifetime — and probably yours — that all three have converged in one time and place.
It's an unprecedented Triple Crisis.
And despite repeated Wall Street attempts to deny it — including a new round of cheerleading Friday in response to stronger-than-expected retail sales numbers — the severity of the Triple Crisis is undeniable:
We have the worst food and energy price inflation since the early 1980s.
We've just seen the worst surge in unemployment in 22 years. And ...
Financial institutions continue to book the biggest losses of all time, with more than double the losses yet ...
Tags for this Post:
Bouts, Close Encounters, inflation, Investing Lessons, Lifetime, Meltdown, Recessions, wall street
Bouts, Close Encounters, inflation, Investing Lessons, Lifetime, Meltdown, Recessions, wall street


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