It is better to be an outcast, a stranger in one’s own country, than an outcast from one’s self. It is better to see what is about to befall us and to resist than to retreat into the fantasies embraced by a nation of the blind.
Chris Hedges

Friday, January 01, 2010

Best 2010 Forecasts

Well, this is the time of year when everybody selling investment advice or books gives you their forecast for the year. Since this site provides a bearish point of view, I'm starting off with this list of Doom Forecasts put together by Paul Farrell at Market Watch...My favourite from that list?
Barton Biggs warns us to prepare for a "breakdown of civilization ... Your safe haven must be self-sufficient and capable of growing some kind of food ... It should be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc ... A few rounds over the approaching brigands' heads would probably be a compelling persuader that there are easier farms to pillage."

Those wanting a more mainstream view can check out this wonderful list put together by the team at The Pragmatic Capitalist.
Another great post from James Howard Kunstler at Clusterfuck Nation, who rivals Matt Taibbi over at Rolling Stone in turning a phrase. Kunstler's 2010 forecast is would be funny if it wasn't so true.

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