RECESSION-DEEPER SECOND WAVE COMING

We are in the eye of an economic hurricane. Things look calm and many talk of recovery. But, when the outlook for higher taxes and interest rates are taken into account combined with less government stimulus and more de-leveraging in retail and commercial real estate, the dark clouds of an even deeper recession come into view which threaten depression.

Category:

Education

Tags:

• Economy
• DOUBLE-DIP
• RECESSION
• DEPRESSION

[slips83]

We are indeed heading for an economic meltdown. Totally agree with your observations John. As a country we can only blame ourselves for buying cheap imports for decades and not investing in UK manufacturing and our own people. Too many people have lived well outside their means and personal debt is at an all time high. Its pay back time and we dont like it.....I have two sons 16/21 ...........their future..........god only knows

[johnbrownetv]

Dear Read,

Many thanks for you kind comments and observation--abject poverty ahead I'm afraid.

yours aye,

John

[clarkewi]

Well presented. Guys like you and Peter Schiff should be running things. But stay out of politics...too dangerous. Schiff won't last a month after he's elected Senator of Connecticut. He's too smart and too honest.

[johnbrownetv]

Dear Clarke,

Many thank for your kind comments and WARNING!!]

Yoursr aye,

John

[jessebickeldotcom]

No idea who you are but at least you provided reasons for your opinion.

[johnbrownetv]

Dear Jesse,

Many thanks for your kind comment.

John

[BullionLimitedotcom]

DEAR AMERICA, UNFORTUNATELY YOUR GETTING WHAT YOU HAVE BEEN BREEDING FOR YRS!

YOU CAN MANIPULATE THE MEDIA, NEWS PAPERS AND NET AS MUCH AS YOU LIKE TO TRY & MAKE US LOOK IN THE OTHER DIRECTION -

BUT IT’S TOO LATE TO SAVE YOU FROM THE INEVIDABLE... UNFORTUNATELY YOU WILL BRING THE WHOLE WORLD DOWN WITH YOU - IRONIC HOW YOU POINT THE FINGER AT THE EURO ZONE WHEN YOU ARE 1000 TIMES WORSE OFF - YOU CANT FIX IT - ITS BROKEN & IT WILL HAPPEN!

SECURE GOLD & SILVER WHILE YOU CAN! PEACE...

[flagship21]

JB your right but are we going to have inflation or deflation

[NEMESIS1999]

To this man i have only 1 question, where are his eyes????

[99cachorro]

Well said John, It's a shame that everyone does not have access to the truth but only the 6:00 news. They don't want to upset anyone, or cause any discomfort. Keep the truth coming!

[michaelbme]

Even though this is a video by an Englishman, but as an American, I think it applies even more to my country than to his.

[xmenrus]

Thanks John, I agree with you and I see the begin of the second part of the fall will be in the middle of 2010. Anohter residential RE crash and the cascading fall of the commercial RE crash. Greece has fallen, Spain may be next or Portugal and of course Britain is very frail. Let us not forget Britain went bankrupt in the '70s. A long fall for GREAT BRTAIN since Queen Elizabeth the 1st to Queen Elizabeth the 2nd.