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Friday, April 13, 2012

Fwd: Shilling: S&P to Plummet 43 Percent as Recession Looms

Economist Shilling predicts a 43% drop in S&P prices stock prices, and bond prices could drop to as low as l.5% per annum.The cause is low employment number of only l20,000 in March vs. the previous months average of
200,000.  About l4,000,000 Americans are out of job, and this is the highest so far in the history of USA.

This unemployment number plus the high student loan and consumer debt, the pressure to save for retirement (no
govt retirement fund cash balance for l00 trillion liability) spells doom for the US capital markets.

What is the effect on the Phil stock market,  on the Phil economy?

What is the effect on OFW remittance.

Do you believe/agree with this news.

---------- Forwarded message ----------
From: Moneynews.com <newsmax@reply.newsmax.com>
Date: Fri, Apr 13, 2012 at 4:13 AM
Subject: Shilling: S&P to Plummet 43 Percent as Recession Looms




Moneynews.com


Shilling: Stocks to Plummet as Recession Looms
The disappointing March jobs report is just the beginning of a decline in U.S. consumer spending that will tip the country back into recession, clobbering stocks and reviving the bond market, says investor A. Gary Shilling. The renowned economist sees a huge 43 percent decline for the S&P 500, and he predicts that 30-year bond yields will fall to 2.5 percent, while the 10-year Treasury could hit 1.5 percent.
Read the Full Story — Go Here Now.

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