Martin D. Weiss, Ph.D.
Money and Markets
November 23, 2009
In the scenario Im about to paint for you, the dialog is fictional, but all the facts and figures are real.
The time: 1 AM, November 23, 2011, exactly two years from now.
The place: the White House, suddenly and unexpectedly under siege as a new financial crisis erupts.
The economic booms of 2010 have morphed into superbooms the superbooms into bubbles and the bubbles into busts.
Large banks are again on the brink. Financial markets are again in turmoil.
Wall Street giants like Goldman Sachs, JPMorgan Chase, and Morgan Stanley the outstanding survivors of an off-again-on-again debt crisis are now its primary victims.
Investments like long-term U.S. Treasury bonds long sought as safe harbors are now collapsing in price, turning into torpedoes that can sink even the sturdiest of portfolios.
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