I've yet to be wrong on 4 out of my last 4 macro calls.
The only people would claim differently are just completely biased, and won't accept truth.
I doubt I'll be wrong on this call, either.
What we're witnessing now is global job losses on a massive scale that is only accelerating, the shrinking of credit to fuel consumer and business spending, incredible tensions between formerly amicable trading partners, militaristic tones growing between old enemies, a bottomless pit of falling consumer confidence, record shrinkage in exports in all export-dependent nations, rising credit card, auto and home delinquency/foreclosure rates, and discordant attempts by major economic powers to fight the death spiral in the global economy as these nations can't agree on a strategy, let alone implement a rational one (Europe is tight fisted with monetary expansion while Bernanke is on a f**king bender with his 'quantative easing,' effectively spending 1.3 trillion taxpayer dollars on the shittiest assets imaginable, from 30 year treasuries to the note on Billy Budweiser's double wide).
All Bernanke is doing is running around patching holes in the damn with bubble gum, in a wide reaching, schizophrenic, ad hoc attempt to revive credit markets and spending, and reflate toxic asset values.
It won't work. Money on the consumer side is not circulating, and monetary policy can not and will not fix the woes caused by panicked global consumers spending only on the bare necessities.
