OR: The Economic Evidence is Compelling!
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A month ago the projections for the deficit and spending came out of an independent research group that watches trends in the economy and then looks out for several months to see what the economy will do. The results were shocking because the main impetus for the economy has been consumer spending which came in flat last month and real estate and refinancing which is cooling off after a 3 year upswing.
As a money manager it is incumbent upon me that my clients are protected from losses as so the report was startling but it was not "public" so I have been waiting for another report (always ask for a second opinion) that would reveal the same scenario. Paul Kasriel is a well respected economist working for Northern Trust in Chicago, Illinois.
I urge you to look at this report, especially the graphs on the deficit and spending. It paints a very dark picture but with oil now over $51 per barrel and natural gas over $7 (last winter it was $2.50). If you have questions I would be glad to answer them but if you are invested, especially in tech, please consider the possibility of a huge loss in the near future a real possibility.