The Start Of A Historic Global Financial Meltdown: US Economy Is Slipping Into Reverse, Europe Goes Back Into Collapse Mode, And Hyperinflation Is Coming To Every “Developed” Country Near You!!
February 4th, 2013
Next Stop for the US Economy: Train Wreck!
by Bill Bonner, Daily Reckoning.com.au:
‘US economy slips into reverse,’ was the headline in the Financial Times.
The US economy didn’t move ahead in the last quarter of 2012. Instead, it started backing up at a 0.1% annual rate, to be precise.
That didn’t seem to bother anyone. They hardly noticed; and they didn’t seem to care what direction it was actually going. The Dow slid a little, but not much.
In the bar car, journalists generally dismissed the whole thing. It was a kind of optical illusion, they seemed to think, caused by the fact that the gunslingers had been a little slow on the draw in the waning months of 2012….