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    Where do we go from here?

    by Chris Martenson

    Sunday, March 15, 2009, 6:55 PM

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Sunday, March 15, 2009

Executive Summary

  • Hang on, the bottom isn’t here yet…
  • China voices concern over dollar holdings
  • Slump in global trade most severe ever recorded
  • When is a reduced trade deficit a bad thing?
  • US government fiscal deficit explodes
  • Tax receipts at an all time low
  • Print, print, print (Switzerland and the UK)

Hang on, the bottom isn’t here yet… 

As I see it, my work in preparing and sending these reports is to provide a different view from the mainstream press outlets, which I frequently regard as being overly optimistic or pessimistic, often at the same time.  For now, there is a lot of talk that "the bottom is in," and I wish to illustrate why I am convinced that the risk for additional downside is much higher than the chance that we’ve bottomed and are now on the road to recovery.   In this report, I will the case that the bottom is not in on the economy, recent stock market action notwithstanding.

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