by Jeff Berwick
Yesterday we went over the state of the world and if you read the article you’ll find it’s not good. In fact, it’s downright disastrous. There are defaults and impending collapses all over the place, from China to Europe to South America and beyond.
What did the stock market do the very next morning? It went up 160 points for some reason.
So let me try again to expose the reality of what’s happening. And then I’ll try to provide some actions you can take from an investment and savings standpoint. Hey, no matter how bad it is, someone is always making a profit somewhere. It might as well be us. In fact it will be us. The market is turning fast now, and we’re turning with it.
News first. While the market was climbing some 160 points, the Atlanta Fed continued to downgrade the US economy.