Al-USA

JPMorgan Global Manufacturing PMI Shows Another Severe Contraction in February

Looks like the end of civilization, or capitalism if this goes on for years...

Will the Stimulus Actually Increase Systemic Risk?

So in summary, American capitalism, post-WWII prospered the most only when it was able to loot and pillage the rest of the planet? Or for the most recent boom the quote is apt today:

"
This is a boom at the expense of the working class. Companies have benefited from an expansion in the global labour supply, prompted by the integration of India and China into the global economy, and that this has kept the lid on wage claims. Everywhere wages have been kept down and profits have risen at the expense of wages.

Eventually, however, demand must suffer from such a scenario. So far, consumers have managed to keep financing their lifestyles by borrowing. But this is bread today and hunger tomorrow. Eventually, it must lead to a global crisis of over-production.
"

It seems that indeed, the global crisis or over-production has arrived. And since,

"
The richest 2% of adults in the world own more than half of all household wealth, according to a new study by a United Nations research institute.
"

Demand is no longer present in the working class, the crisis of over-production will be with us for a long while, in my opinion.

www.marxist.com/world-...

ETFs Defied Stereotypes in 2008

--- PrudentMan

Indeed, your suspicions are correct. The "financial crisis" is nothing but the largest "screw" job on the American taxpayer since the history of capitalism...

To top it all off, not only did the ruling class, or capitalist elites, engage in activities that might yet bring down the greates civilization in the history of the planet, but they "screwed" the "peasants" into bailing them out to the the of $trillions of newly printed FED money which will, in time, result in the final "screw job" of all: a terrible hyperinflation scenario which will crush hard-working American families and evaporate whatever savings they have left.

Sad...

Emerging Markets Ready to Re-emerge - Barron's

Barrons is wrong again: emerging markets have not only failed to re-emerge, they have plunged to all time depts, with EEM down an additional -38.9% from Sep 28, 2008 article. To date EEM is now down -65%.

The article did provide a good clue, namely listening to Barrons would have gotten you much closer to the "poor house".

Finuked: Where Are the Bunkers?

Very informative article. A good read.

Impending Inflation? The Global 'New Deal' All but Guarantees It

Ok, follow the link below to see why inflation is coming down the road.

mises.org/story/2901

And if one is inclined to read even further, the master link of related articles is below. If that is still not enough, I might summarize it myself, hopefully in a clearer way, in future.

mises.org/story/2901