I've been digesting itulip analysis for about the past 12 months and have to first say thank you for all the insights.
In a number of posts the progress of the "economic decline" has been referred to in terms of the innings in a baseball game. (I apoligize for not providing links however I'm sure a quick search will make the postings easy to find) The most recent reference I saw hinted that the U.S. would enter the "4th inning" after the failure of a major depository institution, a la IndyMac.
So, I thought it'd be fun to identify which events will signal the beginnings of each succesive inning. What do you all think?
Here's what I've got to start:
4th Inning: (top half) Bank failures begin (bottom half) Freddie Mac / Fannie Mae / FHA / State pension plans bailed out or infused with capital
5th Inning: As foregin governments begin accepting the financial reality of the U.S. inflating its way out of debt, they'll demand payment. In response the ffice:smarttags" />U.S. government will begin nationalizing utility companies, banks and roadway systems in order to transfer ownership in exchange for write-downs on U.S. government debt.
7th Inning: Because of Fannie and Freddie bailout and foreclosures, U.S. government now has substantial residential real estate land holdings (in effect, circumventing eminent domain) in order to avoid having NIMBY stop the construction of public housing, factories and power plants.
8th Inning: ???
9th Inning: ???
Extra Innings???
I'm in a learning mode and don't completely understand all the complex nuances, looking forward to commentary...
In a number of posts the progress of the "economic decline" has been referred to in terms of the innings in a baseball game. (I apoligize for not providing links however I'm sure a quick search will make the postings easy to find) The most recent reference I saw hinted that the U.S. would enter the "4th inning" after the failure of a major depository institution, a la IndyMac.
So, I thought it'd be fun to identify which events will signal the beginnings of each succesive inning. What do you all think?
Here's what I've got to start:
4th Inning: (top half) Bank failures begin (bottom half) Freddie Mac / Fannie Mae / FHA / State pension plans bailed out or infused with capital
5th Inning: As foregin governments begin accepting the financial reality of the U.S. inflating its way out of debt, they'll demand payment. In response the ffice:smarttags" />
7th Inning: Because of Fannie and Freddie bailout and foreclosures, U.S. government now has substantial residential real estate land holdings (in effect, circumventing eminent domain) in order to avoid having NIMBY stop the construction of public housing, factories and power plants.
8th Inning: ???
9th Inning: ???
Extra Innings???
I'm in a learning mode and don't completely understand all the complex nuances, looking forward to commentary...
Comment