Get ready for it: Another economic collapse is coming.

[Ian62]

24. The US stock mkt toped 2nd week Oct 2007

the indicator of that collapse were the no of teaser rate resets rising rapidly in Q4 2007 and remaining high in 2008.
(There was a 10X plus rise in teaser resets Q4).
When your mortgage repayments go from 2% to 8% or even more in one jump .......

The indicator for the next collapse is a bit more nuanced.
The number of insolvent European banks.
The potential domino effect of a Greek default.

And don't think America is immune from this - a significant number of banks were put on negative watch by Moody's yesterday.
As usual the tatings agencies are so far behind the curve on this it is farcical.
There will be hundreds more downgrades over the next year or so - of sovereign debt, several hundred banks and some v large insurance companies.
The financial system is a mess.
The great majority of Eurozone countries will be downgraded. Quite a few have already but not by enough.

The slowdown in Chinese growth and their other problems (like an unwinding propery bubble and bad debts).
The slowdown in US retail sales in Jan and the rise in credit card debt - peeps can't pay their bills.

BDI down 60% in a few weeks indicates a strong slowdown in global trade.
A small amount of this due to new ships coming on stream - but it is small.

I think there will be a global technical recession 2nd half of 2012 (global growth below 3%). It probably won't be reported as such until 2013.

IMF etc. is repeatedly downgrading future growth forecasts.