Unlike 1987, or the 1970s, or the 1930s, we have a massive media industry, with journalists jockeying to get the next big flashy, provocative headline. Frankly, there are too many news sources employing too many journalists, so every utterance by anybody of note is published.

Furthermore, you have the Toms, Dicks and Harriets with blogs putting out their own opinions – a lot of which, like yours, are widely read and respected. There will always be bulls and bears at any given point in time, but with the population of published (MSM or blog) opinions and analyses having ballooned, the statistical chance of finding a meaningful number of either one has increased by many orders of magnitude.

Put simply, if there were 100 articles published today on isues of economics and finance, and 5 were bearish, you would barely notice them. But if 10,000 such articles and posts were published, with 500 being bearish, you would.

Therefore, I think the value of an opinion as a contrary indicator these days has changed when compared to previous crises.

Unlike 1987, or the 1970s, or the 1930s, we have a massive media industry, with journalists jockeying to get the next big flashy, provocative headline. Frankly, there are too many news sources employing too many journalists, so every utterance by anybody of note is published.

Furthermore, you have the Toms, Dicks and Harriets with blogs putting out their own opinions – a lot of which, like yours, are widely read and respected. There will always be bulls and bears at any given point in time, but with the population of published (MSM or blog) opinions and analyses having ballooned, the statistical chance of finding a meaningful number of either one has increased by many orders of magnitude.

Put simply, if there were 100 articles published today on isues of economics and finance, and 5 were bearish, you would barely notice them. But if 10,000 such articles and posts were published, with 500 being bearish, you would.

Therefore, I think the value of an opinion as a contrary indicator these days has changed when compared to previous crises.

Unlike 1987, or the 1970s, or the 1930s, we have a massive media industry, with journalists jockeying to get the next big flashy, provocative headline. Frankly, there are too many news sources employing too many journalists, so every utterance by anybody of note is published.

Furthermore, you have the Toms, Dicks and Harriets with blogs putting out their own opinions – a lot of which, like yours, are widely read and respected. There will always be bulls and bears at any given point in time, but with the population of published (MSM or blog) opinions and analyses having ballooned, the statistical chance of finding a meaningful number of either one has increased by many orders of magnitude.

Put simply, if there were 100 articles published today on isues of economics and finance, and 5 were bearish, you would barely notice them. But if 10,000 such articles and posts were published, with 500 being bearish, you would.

Therefore, I think the value of an opinion as a contrary indicator these days has changed when compared to previous crises.

What if the crash already happened?

Remember, that if the deflator for GDP actually matched real inflation, instead of the inaccurate numbers that are currently put out, we’ve largely been in negative territory since 2000.

With that in mind, it looks more like 1932 than 1929, doesn’t it?

http://www.youtube.com/watch?v=XS3XHcfHx1U

Also Olympia WA

http://www.theolympian.com/377/story/466760.html

Reno NV

http://www.signonsandiego.com/news/state/20080610-0710-nv-tentcity.html

I live across the street from a homeless shelter. Last month they opened a “safe” parking lot. There are now four cars permanently parked there with people living in them, others arrive in the evening and leave in the morning.

I work in the construction sector and two of my sales representatives have changed employers three times each since January, twice because the divisions were sold or went out of business and once to get better positions. They are the lucky ones.

On the ground here it seems precarious at best.

Peak Oil, Water, Food, the credit collapse, the $800 Billion trade deficit, the ballooning budget deficit, runaway inflation, public and private debt at 350% of GDP, the housing collapse, an economy in free fall and the absence of governance.

Yes, the perfect storm … and , even knowing all these things, can we stop any of them?

Factional reserve banking has just about a good of chance of surviving as Al Gore has stopping Red China from polluting.