Check out how INCREDIBLY BUBBLE-LICIOUS banking valuations are, based on government approved and encouraged fraudulent accounting measures (most banks are giant pieces of shit on valuation, they will implode next, despite all the gov't intervention at a huge expense to date - unbearable expense, long term? - and what's the government going to do this time around?): http://www.elitetrader.com/vb/showthread.php?threadid=173076
old news on the banks. Bottom line, those in equities will suffer the most. Those in Commodities will take a beating but will most likely win over the long run.....Oil, Land, Gold, and pennies on the dollar deals in RE. smart money ,.,,Long term play in Commodities... short term anything is doom and the sheepole are fall'n for it.
Smart money is getting untaxable. Everybody knows some sort of wealth tax will be here before The One steps down.
http://www.miamiherald.com/business/breaking-news/story/1183857.html Foreclosures up 7% in 30 days, 32% YoY; "Lenders Overwhelmed." Gee, and only after taxpayers gave trillions. How much more will they need?
seriously, the economy just a had a near death experience similiar to the crash of 1929 bank failing etc. if it wasn't for FDIC or spif and gov't FED and gov't sector making 40% of workforce, this was the second great depression events. eerily similiar. just hope the same mistakes aren't being made. this time the gov't DEBT is the ticking time bomb or black swan of the global economy with the unmanageable DEBT and etc. the debt is more serious than any stock market or housing market and even unemployment issues. all the taxes collected doesn't even pay the interest in the national debt that in itself is alarming.