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Where does the economy go from here?
Sarah Paulin
Sep. 17, 2008
The stock market is in a collapse mode. The money supply is shrinking except the money printing craze of the Federal Reserve. The commodities have lost their demand esteem. The credit is tight like never more although the Feds are doing everything possible to help this economy.
It is like a cancer patient living of pain killers. The economy is in its sharpest decline and the foundation is missing. The political parties are making fun of the situation by selecting unqualified candidates to score a surprise victory.
The bond market is pointing towards long stretched depression in US. Without booming economy the world economies have no place to go.
The oil price is trying to find a bottom. OPEC is caught in its own game. The biggest [problem of the economy is lack of confidence. Expect Dow Jones Industrial Average to fall below 9,000 by end of this year and below 6,000 before the end of 2009, no matter who wins this election.
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