See for yourself:
October 19, 2007:
November 27, 2007
February 27, 2008
March 19, 2008
May 7, 2008
June 25, 2008
August 20, 2008
October 28, 2008
February 25, 2009
March 2, 2009
May 29, 2009
June 19, 2009
Looks like Robert Prechter was right on the money. Get tomorrow's news today with a risk-free subscription to his forecast service.
Ryan Grim talks about the grim job situation in Nevada (June's unemployment rate of 14.2%), which is 'utterly, utterly devastated' and points to what's in store for the rest of the country:
In fact, it's to the point where landlords aren't even asking whether or not you've gone through a short sale or a foreclosure when they're doing a credit check. They're not even looking for that. That's how pervasive and profound the devastation is around here. And this is actually the place where the rest of the country is headed.
Watch:
$5 billion dollars per month coming into Afghanistan, per month. See how the money is being spent:
RACHEL MADDOW, HOST: Good evening. The enemy in Afghanistan now is broadly understood to be the Taliban. They, of course, were routed by the U.S. and the northern alliance at the beginning of the war, only to return in force. From afar, the Taliban are simply the bad guys. But how they affect Afghan society, how to fight them, and who should fight them are subjects worth looking at from close up -- which is one thing we try to do on our recent trip into the war zone.
1. Optimism tempered by realism in Afghanistan:
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2. Close quarters of power in Afghanistan:
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3. Counterinsurgency and its alternatives:
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4. Checking up on Afghan checkpoints:
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5. A stroll through Kabul's markets:
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6. Afghanistan reporting a group effort:
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7. Gun carpets, only in Afghanistan:
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8. U.S. Money leads to modern castles amid Afghan poverty:
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“The real economy is contracting, and there’s no credit either from banks or from vendors,” Chris Whalen, managing director of Institutional Risk Analytics, told CNBC Tuesday.
Robert Prechter talks about his bearish forecast for stocks and offers investment advice with Maria Bartiromo on CNBC's Closing Bell:
Contrarian view about the Dow:
Dow Could Hit 1,000: Elliot Wave's Prechter
Longtime technical analyst Robert Prechter said Tuesday he expects that the US economy will sink into a deflationary depression and stocks will plunge.
The Dow Jones industrial average stock index could fall to between about 1,000 and 3,000 points over the next five to seven years, he said in a telephone interview. The Dow unofficially closed at 9,744 Tuesday, up 0.59 percent.
"It is very clear there is substantial stock market risk," said Prechter, who urges investors to put their money in cash proxies such as safe-haven U.S. Treasury bills instead.
