On the record with 12 Dr. Doom’s (this article was recommended by Peter Grandich). Page #1 of the article Optimist? Or pessimist? Test your 2010 strategy! HERE

Dr. Dooms 4-12 HERE 1-3 below:

1. Faber: The ‘American Empire’ has peaked, is on a decline

Hong Kong economist Marc Faber says “the average life span of the world’s greatest civilizations has been 200 years … Once a society becomes successful it becomes arrogant, righteous, overconfident, corrupt, and decadent … overspends … costly wars … wealth inequity and social tensions increase; and society enters a secular decline.”

2. Grantham: Learned nothing, doomed to repeat past, only bigger

Money manager Jeremy Grantham warns that our irrational nightmare will repeat. A year ago we came dangerously close to the “Great Depression 2.” Unfortunately, we’ve “learned nothing … condemning ourselves to another serious financial crisis in the not too-distant future.”

We had our bear-market rally. Next, historical cycles plus our irrational behavior guarantees another, bigger global meltdown. We “learned nothing.”

3. Stiglitz: Wall Street creating short respite before next crash

Nobel economist Joseph Stiglitz recently warned: Unless Wall Street’s incentive system is drastically reformed, “the financial sector will only try to circumvent whatever new regulations we put in place. We will simply have a short respite before the next crisis.” Warning, nothing’s changed, it’s worse: Lobbyists run Obama, Congress and the Fed.

…..go directly to 4-12 HERE

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