July 13, 2012

The Economy is Heading Downhill

In case you hadn't already figured that out. :-) I tend to agree with this Economist, that there's no fixing it. That's partially due to a common-sense look at the situation, but also because I believe that this is part of YHWH's judgement and breaking down the pride of America, as a covenant people. Our country's wealth has essentially become an Idol, something which is, of late, of our own making; and in which we put more trust than the El who gave us that blessing in the first place.

So here's the article I refer to:
http://www.theblaze.com/stories/dr-doom-the-global-economic-storm-i-predicted-is-on-its-way/

The referenced Prediction Interview on CNBC in May:
http://www.cnbc.com/id/47356500/?Global_Economy_Faces_a_Perfect_Storm_in_2013_Roubini
And an article on the subject by Nouriel Roubini (For those who've read The Harbinger- interesting how his name's Nouriel isn't it?) Anyway, so here's his post:
http://www.project-syndicate.org/commentary/a-global-perfect-storm

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