Near the bottom of every blog post since August 15, 2010 has been a link to the page titled “A Special Note On Our Economic Situation.” This page summarizes my thoughts concerning our ongoing economic situation and its future implications.
Paragraph four of that page has read:
If this is indeed a Depression, the implications are immense. We will experience further significant economic weakness. This weakness likely will be severe in nature. At some point unmitigated weakness could pose the greatest challenge this nation has ever encountered.
For a variety of reasons, I am now making three changes, so that the paragraph now reads:
Assuming this is indeed a Depression, the implications are immense. We will experience further significant economic weakness. This weakness will be severe in nature. At some point unmitigated weakness will almost certainly pose the greatest challenge this nation has ever encountered.
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 1691.75 as this post is written
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