2011 – What’s Coming
Social unrest will become visible in America in 2011. There will be demonstrations in many major cities. Some will turn violent. Economics will be at the heart of the anger.
by Bruce Krasting at Zero Hedge
EXCERPTS:
Oh boy is 2011 going to be an exciting year! Some things that I think might happen:
-Volatility is going up across the board. If you have the stomach for the swings that are coming across all markets there is a ton of money to be made; balls and timing are all that are necessary.
-Spain will be the next sovereign debtor that falls prey to the market. This will happen before the end of the 1st Q.
-The US will have a full year deficit of 1.4 trillion dollars. This depressing reality will hang on the US economy/markets. Congress will talk about the problem endlessly, but little will be accomplished.
-Obama’s popularity will continue to fall. The legislative “successes” at the end of 2010 will convert to a series of failures. There will be no new stimulus. Portions of the health care legislation will be dialed back. The mandatory participation feature will be found unconstitutional. Without this feature the legislation makes no economic sense and a great debate will be initiated as to what to do about it. Nothing will be accomplished. Reason? There are no “answers” to this problem.
-The center of attention will move away from California as the most bankrupt state. In his State of the State address in January, New York’s new Governor Andrew Cuomo will fess up to the fact that for the past year of so NY has been burying its problems.
-Unemployment will not go down. The average for the year will be above 10%. The number of workers who leave the system will rise to 20mm. These workers will find part-time jobs that pay cash. The new day-workers will compete will illegals for employment. Social tensions will be the result.
FULL ARTICLE
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