Below are the highlights " or, in reality, the lowlights " that lie ahead, according to Celente:

The commercial real estate market will collapse;


People will be unable to pay their credit cards;


Crime will increase as people who feel they have nothing left to lose will begin to commit acts of violence;


People will begin to revolt against taxes; and

We’re going into a depression, not a recession.


Buckle up, America! Looks like we’re in for a bumpy ride.

Bob McCarty

Listen to the entire interview by clicking on these links: Part One and Part Two.

I take this seriously ~ while at the same time I ponder that it's been a breaking story over & over since before the residential shoe dropped.

It just "broke" on Fox and I do take it seriously b/c Celente-Trendwatcher has a very respectable track record and with the confluence of the dollars devaluation,
commercial lending institutions "tight" lending practices
and consumer confidence kinda shaky, it seems like a
gloomy outlook for our economy.