Really - Trust Me

I posted yesterday on a host of headwinds. I did not link a lot of support but based it on what I have been reading. A host of stuff I read today further supports what I said so let me link some of it in case you think I was making it up. First, I noted China is not going to pull us out of the current economic demise as it is now having problems of its own. Don't believe me, read this:

http://seekingalpha.com/article/284142-china-s-economy-train-wreck-waiting-to-happen

I noted that I had been reading a lot about layoffs, more than usual. Today I read that layoffs have risen to a 16 month high:

http://www.latimes.com/business/la-fi-jobs-20110804,0,5481757.story

I talked about continuing and worsening problems in the EU, which is discussed further here:

http://www.nytimes.com/2011/08/04/business/global/europes-banks-struggle-with-weak-bonds.html?_r=1

I am not making this stuff up and while it sounds like I am repeating myself - well - I am. The problems have not changed much other than for the most part getting worse. I again think we will have some short term stabilization and that we are looking at QE3, which will boost the markets for a few months, but in the end - PIIGS get slaughtered!

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