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

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. ALERT: Unthinkable Haunts Investors: Evidence for Imminent 90% Stock Market Drop What Are Bernanke and Obama Hiding From Americans? Learn the Truth. What Your Tongue Says About Your Thyroid. See the Photo. This email is never sent unsolicited. You have received this email because you subscribed to it or someone forwarded it to you. To opt out, see the links below. TO ADVERTISE For information on advertising, please contact Newsmax Advertising Sales via email. TO SUBSCRIBE If this email has been forwarded to you and you would like to sign up, please click here. Remove your email address from our list or modify your profile. We respect your right to privacy. View our policy. This email was sent by: Moneynews.com and Newsmax.com 1501 Northpoint Parkway, Suite 104 West Palm Beach, FL 33407 USA 1391103 EA37-1

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