The word is out that Wave 3 of P3 will occur by the last week of Nov 2009. This means the economic collapse of global portions -- a worldwide depression worse that the 1930's.
"No one knows for certain what fundamentally will trigger a collapse in confidence, but one thing is for sure; there is no shortage of highly levered problems waiting to explode. P3 will begin with some fundamental event that causes investors to doubt or lose confidence about an imminent recovery. Wave 3 of P3 is when markets finally realize we are deeply entrenched in a bear market. When Wave 3 of P3 begins, no amount of intervention by regulators will make up for missed expectations, lost hope and shattered dreams." -- from Nicko the Spicko
For more along these lines see:
http://tradingwithtoastmaster.blogspot.com/2009/08/fundamental-state-of-our-economy.html
What do you think?
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