8.1%
Worst unemployment rate in 25 years.
Dow will bottom out at 6k.
Small business will start to cave after and during the summer.
Wal-mart, target, price club, sam’s club - -all good buys. Anyplace that owns real estate - McDonalds, Pepsi Co, etc... cornerstone recession businesses. Poor Mt Vernon and Baltimore in general. They were just hoping to turn the corner and now... all that business that has come in - all those cute dog stores, and bars, and starbucks, and all else are more than likely going to fold. It's a shame.
Unemployment will bottom out at 12% I'm calling. And by that time they will officially call this a depression. I just used all my bonuses to pay off debt - so... I'm part of the problem.
The next horrific story you will hear... the rich moguls and banks buying up foreclosed properties for 1/4 of what they cost and then reselling them. 20/20 already has their expose' cameras looking for that story - also BGE and the other natural resource companies borrowed against their own principle causing them to raise prices... and the shit of that is - - if you can't pay your water bill they can take your house - no running water = condemned building.
And I'll tell you something else about water bills and BGE - when landlords and slumlords can't pay the water bills that's when shit will really hit the fan. These apartment owners bough at premium and are going to still expect people to pay premium rent price over the net 4 years... and shit... that's going to be tough. 1k$ per month ain't what it used to be... the other way.
Anyway - upwards and onwards. In other news - -
I just released my first ever newsletter this week on the pros and cons of content aggregators.
