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Macro News
VisionVictoryManifesto.com

Consumer confidence hits new low
http://www.bloomberg.com/apps/news?pid=20601087&sid=av4BHgGPQ5Es&refer=home

Home prices post record decline
http://finance.yahoo.com/news/Home-prices-post-record-apf-14450641.html

Here comes stimulus 3
http://finance.yahoo.com/news/House-Democrats-propose-410B-apf-14450221.html

Delinquencies accelerate in fourth quarter
Bank charge-offs jump 42% to record $34.5 billion
http://www.marketwatch.com/news/story/Loan-delinquencies-accelerate-fourth-quarter/story.aspx?guid=%7B8E475BB7%2D240B%2D4628%2D95F1%2DC6015C0F5A06%7D

Housing sales sink
http://www.breitbart.com/article.php?id=D96IRKGG0&show_article=1

jobs
http://www.marketwatch.com/news/story/Initial-jobless-claims-rise-ongoing/story.aspx?guid=%7B498AF5D6%2D0F43%2D42CD%2D9883%2D25E605638967%7D

I guess we did get change, even larger deficits for Obama admin\http://www.breitbart.com/article.php?id=D96JCFLG1&show_article=1

Taxes
http://blogs.abcnews.com/politicalpunch/2009/02/obamas-budget-a.html

Another 750 Billion
http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aY8vuevw1NKs

GDP
http://finance.yahoo.com/news/Economy-shrinks-at-worst-pace-apf-14491202.html

Duration : 0:21:39

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This is it, the stock market is down to bail outs and rumors of bail outs. The economy is down to it’s last few months. The markets will collapse, probably in several weeks.

The temporary ban of short selling on 799 financials will artificially inflate stocks possibly setting up the crash.

http://www.reuters.com/article/usDollarRpt/idUSPEK2402720080917

Duration : 0:8:14

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http://trade-technicals.blogspot.com/2009/07/dow-jones-inflation-adjusted.html

Duration : 0:8:12

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Economist Professor Irving Fischer explains that the stock market crashed due to high expectations- not high stock prices. Too many speculators were playing the stocks with borrowed money, resulting in a run on the banks. 80 years later, the banks are speculating with borrowed money and investors are running away from them.

Duration : 0:1:29

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http://www.elliottwave.com/s.asp?url=/&cn=yt

Watch Robert Prechter on Bloomberg TV on the 20th anniversary of the 1987 stock market crash predict what is unfolding before our eyes today. An uncannily accurate forecast from the man that forecast the 1987 stock market crash.

Why would anyone think that the Fed’s actions have any influence whatsoever on the trend in the stock market?

The Fed has similarly cut the discount rate twice in recent months, and on all occasions (Sept. 18, Oct. 31, Jan. 22, Jan. 30) the stock market immediately rallied… only to see prices give back those gains and more, within a few short days or weeks.

Mind you, these are recent and relatively minor instances. There are longer-term examples that unfolded for years, such as the Fed’s historic campaign in 2001-2002 that saw a DOZEN rate cuts, during which time the S&P 500 lost HALF of its value.

More dramatic still was the Bank of Japan’s campaign that took rates to virtually ZERO for entire decade, even as their Nikkei stock index declined and/or languished over the entire period.

There’s nothing new about this information — we’ve spelled it all out before, as recently as Bob Prechter’s Nov. 27 and Jan. 24 appearances on Bloomberg television.

Watch Prechter on Nov. 27: http://www.youtube.com/watch?v=WJnMia2rARI

With charts and facts, Bob showed how powerless the Fed really is; he also reminded the audience that “People should be careful of what they wish for when they ask for lower rates.”

Yes, the financial establishment labels Bob Prechter a contrarian. But, what does it say about that establishment’s state of mind when arguments based on facts and evidence make a person “contrary”?

All the charts Bob included in that interview — in fact, everything he said at the time and more — is in the current Elliott Wave Theorist and Elliott Wave Financial Forecast. See it all on your computer screen in minutes, via the fast link below.

http://www.elliottwave.com/s.asp?url=/&cn=yt

ADD TO YOUR FAVORITES! EMAIL THIS VIDEO TO FRIENDS!

Duration : 0:7:7

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SPREAD AND SHARE INFORMATION!

Its official. Mark your calendars. The crash of the U.S. economy has begun. It was announced the morning of Wednesday, June 13, 2007, by economic writers Steven Pearlstein and Robert Samuelson in the pages of the Washington Post, one of the foremost house organs of the U.S. monetary elite.

Pearlsteins column was titled, The Takeover Boom, About to Go Bust and concerned the extraordinary amount of debt vs. operating profits of companies currently subject to leveraged buyouts.

In language remarkably alarmist for the usually ultra-bland pages of the Post, Pearlstein wrote, It is impossible to predict when the magic moment will be reached and everyone finally realizes that the prices being paid for these companies, and the debt taken on to support the acquisitions, are unsustainable. When that happens, it won’t be pretty. Across the board, stock prices and company valuations will fall. Banks will announce painful write-offs, some hedge funds will close their doors, and private-equity funds will report disappointing returns. Some companies will be forced into bankruptcy or restructuring.

Further, Falling stock prices will cause companies to reduce their hiring and capital spending while governments will be forced to raise taxes or reduce services, as revenue from capital gains taxes declines. And the combination of reduced wealth and higher interest rates will finally cause consumers to pull back on their debt-financed consumption. It happened after the junk-bond and savings-and-loan collapses of the late 1980s. It happened after the tech and telecom bust of the late ’90s. And it will happen this time.

Samuelsons column, The End of Cheap Credit, left the door slightly ajar in case the collapse is not quite so severe. He wrote of rising interest rates, As the price of money increases, borrowing and the economy might weaken. The deep slump in housing could worsen. We could also discover that the long period of cheap credit has left a nasty residue.

Other writers with less prestigious platforms than the Post have been talking about an approaching financial bust for a couple of years. Among them has been economist Michael Hudson, author of an article on the housing bubble titled, The New Road to Serfdom in the May 2006 issue of Harpers. Hudson has been speaking in interviews of a break in the chain of debt payments leading to a long, slow economic crash, with asset deflation, mass defaults on mortgages, and a huge asset grab by the rich who are able to protect their cash through money laundering and hedging with foreign currency bonds.

Among those poised to profit from the crash is the Carlyle Group, the equity fund that includes the Bush family and other high-profile investors with insider government connections. A January 2007 memorandum to company managers from founding partner William E. Conway, Jr., recently appeared which stated that, when the current liquidity environment—i.e., cheap credit—ends, the buying opportunity will be a once in a lifetime chance.

The fact that the crash is now being announced by the Post shows that it is a done deal. The Bilderbergers, or whomever it is that the Post reports to, have decided. It lets everyone know loud and clear that its time to batten down the hatches, run for cover, lay in two years of canned food, shield your assets, whatever.
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Duration : 0:9:59