The September issue of SmartMoney, on newstands now, features an article by Russell Pearlman, "Return of the Doomsayers," [smartmoney.com link not yet available] that discusses Financial Armageddon. Here's an excerpt:
After surveying the nation's high debt levels and economic data, "it seemed illogical to me to reach any conclusion other that that things will end badly," says Michael Panzner, a stock trader and the author of Financial Armageddon. Panzner is a frequent guest on CNBC, usually paired against someone who is considerably more optimistic about the nation's economic prospects. Worst case for Panzner: a long-term depression that begins in a year or two, hyperinflation and an America filled with vigilantism and food shortages.
Although the tone of the article is somewhat skeptical, it seems ironic that the main cover story is "Live Debt-Free." Feel free to pick up a copy and decide for yourselves.
are we related by any chance ? didn't we meet at Stalingrad ?
lol
"Worst case for Panzner: a long-term depression that begins in a year or two, hyperinflation and an America filled with vigilantism and food shortages."
other than that, Mrs. Lincoln, how did you enjoy the play ?
Posted by: general panzer | August 12, 2007 at 07:23 AM
US Federal Reserve Acts to Stem Credit Turmoil
umps Another $38 Billion Into US Financial System Friday to Stem Credit Turmoil
http://biz.yahoo.com/ap/070811/fed_liquidity.html?.v=2
will this create that hyperinflation that you are speaking of ?
is the usa just printing money in the basement and tossing it out the window ?
Posted by: who knew | August 12, 2007 at 07:27 AM