Posts Tagged ‘steady decline’

Forecast 2009: There Will Be Blood

Tuesday, February 3, 2009 21:00 44 Comments

2009 will be a year of complete destruction for the US economy. 5 Million will lose their jobs. The Dow Jones Industrial average will break below 6,000. Municipalities will fail. Insurers will fail. The unemployed and foreclosed American population will take to the streets and begin rioting. The Greatest Depression is upon us.
Sound far fetched? [...]

This was posted under category: $GOLD, $USD, $UST, 2008 Crash, Annuities, Bear Market, Bonds, C, Charts, China, Crash, Credit, David Rosenberg, Default, Dow Jones Industrial Average, Dow Transports, EWZ, Economy, F, Fibonacci, First Trust, Fitch, GLD, GM, Gold, Great Depression, HIG, Inflation, Inflation/Deflation, Insurance, Larry Kudlow, MER, MS, Media, Money, NASDAQ, Recession, Robert Schiller, Ron Paul, S&P 500 Index, SIJ, Special Reports, Stock Market, Symbol, Technical Analysis, Treasury, Volatility Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Tribune Co. Going Bankrupt

Sunday, December 7, 2008 23:06 2 Comments

Tribune Co. may be filing for Chapter 11 Bankruptcy next week, as advertising revenues tumbled.The company has $1.5 billion due in interest payments on debt due over the next 8 months and won’t have the cash to make good. Tribune has hired Lazard to prepare the bankruptcy filings.
Tribune has been in trouble for a while. [...]

This was posted under category: Credit, Default, Economy, Media Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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