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Now it's official. Mark your calendar. The U.S. economy has begun to decline. It was Wednesday morning, June 13, 2007, by economic writers Steven Pearlstein and the Washington Post elite.Pearlstein, a U.S. monetary policy, the main house on the column, Robert Samuelson in the pages of one of the organs. 'S takeover boom, close to bankruptcy "was the title and is currently the most highly leveraged in language remarkably smooth sides of office under the threat buyouts.In extraordinary amount of debt to operating profits of companies concerned, Pearlstein wrote: "It is impossible to predict when the magic moment has been reached, and everyone understands, finally, that the prices paid for these companies to support acquisitions and debt, unsustainable if that happens are beautiful will not .. As a rule, equity, and reduced the company's valuation.
Banks will announce painful loss and gain, some hedge funds will close their doors, and private equity report is disappointing. Some companies will be forced into bankruptcy or restructuring. "Besides," falling share prices, companies that reduce their hiring and capital spending while governments raise taxes or reduce services will be forced to, income from capital gains taxes are reduced . Funding and consumer interest rates at the end of the combination of debt financing to roll back their consumption. It happened after the junk bond and savings and loans banks collapsed in the late 1980s. The late 90's after the telecom and technology bust. It will happen this time. "
Samuelson's column "The end of cheap credit," left the door ajar in case of collapse is not so difficult.May issue of Harper's 2006 an economist Michael Hudson, titled "New Road to Serfdom" with the author of an article about the housing bubble. Hudson said in an interview for a loan "chain breaking", leading to the "clash of long-term recession," "asset deflation," "mass balance of the mortgage," and a "great asset rich" owned , with their cash through money laundering and hedging with foreign currency loans to protect.
The crisis, Carlyle Group, a venture capital fund and a government insider connections with the Bush family also includes other high-profile investors willing to take advantage of the people. , A unique opportunity in January 2007 founding partner William E. Conway, Jr., memo to managers, which is said to have appeared recently that the current "liquidity environment marked", ie, cheap credit is over, "to buy for his chance. "The fact that the incident reflects the fact that notification by post. Bilderbergers, or whomever that they have decided to post. Does anyone know, loud and clear that it is time to barricade the Scots, could a two-year canned food, shield your assets, whatever.