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Friday, July 10, 2009

The Continuing Economic Crisis - Part II (VIDEO)

"Making a speech on economics is a bit like pissing down your leg. It seems hot to you but never to anyone else." - Lyndon B Johnson

Some time ago, after the Recession had already begun in earnest, I had a video called: "The Economic Crisis Simply Explained in Under 10 Minutes". That video explains the causes, and how the economic downturn began.

But where are we at today? Why hasn't the economy recovered? Is it recovering? My thoughts, are no. The following video explains a very simplified manner, the general outline of the problem the economy is facing at the current time.

(Video Included. If you're seeing this entry elsewhere and cannot see the Video? Click here to view the entry ...)

I will be appearing tonight, on The Davian Letters "Happy Hour" show, at 6:30 pm tonight, and I will have a week in review tomorrow.

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 13 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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