WITH CONCERNS THAT THE WORLDS ECONOMY IS FAILING, THE DJIA (Dow Jones Industrial average) DROPPED BELOW 12,000 TO 11,952.
THIS IS THE 6TH WEEK IN A ROW AND THE SEVENTH IN THE LAST EIGHT THAT THE DOW HAS ENDED LOWER THAN WHEN IT BEGAN. THE LAST TIME THIS HAPPENED WAS 2002.
WHAT IS HAPPENING?
1 THE MOUNTING AND UNCONTROLLED NATIONAL DEBT, OF WHICH EVERY TAX PAYING AMERICAN IS THE CO-SIGNER.
2 CONTINUING 9+% UNEMPLOYMENT, IF THOSE WHO HAVE QUIT LOOKING FOR WORK WERE INCLUDED IT COULD BE 12% ADD THOSE UNDEREMPLOYED 15%.
3 EUROPE IS UNABLE TO SOLVE GREEK'S ECONOMIC COLLAPSE AND HOW TO STABILIZE THIS SINKING FORMER WORLD CENTER OF GOVERNMENT AND PHILOSOPHY
4 THE NATIONAL DEBT CEILING IS QUICKLY BEING REACHED, AND OUR GREAT BORROWING ABILITY WILL LOWER AMERICA'S AAA RATING.
5 CHINA'S OVERHEATED EXPORT ABILITY IS COOLING ALONG WITH A POTENTIAL FOOD SHORTAGE AS IN RUSSIA AND EGYPT.
6 OIL AND OVER ALL ENERGY INCREASES CUT EVERY WORKING AMERICANS ABILITY TO DO ANYTHING BUT WORK, PAY THE MORTGAGE (for those who have not been foreclosed on) AND PUT BEANS AND RICE ON THE TABLE.
7 LACK OF HOUSING STARTS AND SALES.
8 POOR CONSUMER CONFIDENCE.
9 INCREASING FOOD COSTS AND THE SHORTAGES ON A WORLD WIDE POSSIBILITY.
Friday, June 10, 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment