Damn Scary Kitco Article!
Found this article while perusing the web tonight. Makes my 2009 outlook ( Economic Tsunami of 2009 ) look like a trip to Disneyland.
Kitco Article: Webeatthestreet 2009 outlook
- AIG Tanks w/worldwide repercussions
- Dow could end-up anywhere from 5,600 to a low of 3,000 or even 1,500
- USA UNEMPLOYMENT REACHES 30-40%
- # of those needing food help will rise to 35,000,000
- Urban areas to see skyrocketing crime; in parts of some cities, life could become totally uninhabitable.
- No recovery until 2015.