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  • Blog
    Blue Sunburst Peak Prosperity Logo

    Pompous Prognosticators

    by Chris Martenson

    Wednesday, April 2, 2008, 3:45 PM

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    Below, I’ve liberally excerpted from an article I read a couple years back that always stuck with me.

    Since our challenge today is to know
    whom to trust and which story to believe, I thought I’d bring this one
    back to the forefront, because the parallels are so striking between
    the late 1920’s and now.

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    USA 2008: The Great Depression

    by Chris Martenson

    Tuesday, April 1, 2008, 3:01 PM

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    On the one hand, the stock market continues
    to climb against all odds….on the other hand, record numbers of
    Americans are bankrupt, in foreclosure, receiving food stamps, or all
    three.

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    Four Essential Articles

    by Chris Martenson

    Saturday, March 29, 2008, 12:33 AM

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    As we head into the economic abyss (as the AP
    put it) and the Fed goes where it’s never gone before (as BusinessWeek
    put it), we have to ask ourselves, what are the next shoes to drop?
    Here I’ve located what I think are the next two most likely shoes to
    drop.

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    Warning signs

    by Chris Martenson

    Wednesday, March 19, 2008, 9:50 PM

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    The Fed cut rates yesterday, although not as
    much as ‘expected’ (read: ‘hoped’) by the ever hopeful stock selling
    industry. Nonetheless stocks rocketed higher by a huge amount. Did this
    make sense? Not if these data mean anything.

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    Frantic race to save Wall Street giant

    by Chris Martenson

    Tuesday, March 18, 2008, 2:44 AM

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    Horrified traders soon grasped the reality: the Fed had been forced to
    throw out four decades of monetary history in order to support Bear
    Stearns. Its justification was not that Bear was too big but that it
    was too "interconnected" to be allowed to fail with the markets in such
    as fragile state.
    This is a fascinating tale of just how
    serious the Bear Stearns event was and the political and financial
    machinery that was brought to the table to sculpt a solution.

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