http://www.cnbc.com/id/43942652
When I saw the revisions to the GDP data for the last couple of quarters this morning something clicked. I'm now fairly certain we are going into a deep recession/depression and that a credit rating downgrade is waiting in the near future. Also, from what I can tell Gold continues to reach record highs (up $10+ an ounce as I write this). I no longer think the "default" issue being tossed about in DC even matters. The economy has fallen off a cliff... And the ride could be about to get bumpy.... (See, I told you I occasionally get a bit alarmist on the Blog... :) )
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