Wednesday, February 18, 2009

Davidowitz Says:

"Worst Is Yet to Come:" Americans' Standard of Living Permanently Changed!

Citing:

An $8 trillion negative wealth effect from declining home values.
A $10 trillion negative wealth effect from weakened capital markets.
A $14 trillion consumer debt load amid "exploding unemployment", leading to "exploding bankruptcies."

If you still need proof....

Cut and paste URL:
http://finance.yahoo.com/tech-ticker/article/176478/%22Worst-Is-Yet-to-Come%22-Americans'-Standard-of-Living-Permanently-Changed?tickers=WMT,WFMI,FDO,%5EGSPC,%5EDJI,RTH

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