<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/73e76d5a-a426-43cb-bf6b-1b82c0f19ce7/ECEA0FA3-7EAB-4C24-9D35-7386DAC57305/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.financialarmageddon.com/2009/09/still-in-the-economic-crisis.html" href="http://www.financialarmageddon.com/2009/09/still-in-the-economic-crisis.html" style="font-size: 11px;">www.financialarmageddon.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.financialarmageddon.com/2009/09/still-in-the-economic-crisis.html"><H3 class="entry-header">Which Crisis?</H3> <DIV class="entry-content"> <DIV class="entry-body"> <P><A href="http://panzner.typepad.com/.a/6a00d83451591e69e20120a5bf1adc970c-pi"><IMG border="0" title="Overlappingcrises" src="http://panzner.typepad.com/.a/6a00d83451591e69e20120a5bf1adc970c-800wi" class="at-xid-6a00d83451591e69e20120a5bf1adc970c image-full" alt="Overlappingcrises" /></A> </P><P>People are beginning to think that the worst of the crisis is behind us. But which crisis are they referring to? If they mean the <EM>financial</EM> crisis, they may be right. In fact, I would be surprised if the apocalyptic events of last fall did not mark a high point, of sorts.</P></DIV></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.financialarmageddon.com/2009/09/still-in-the-economic-crisis.html">the next big unraveling is playing out in the real economy. As the truth hits home that there is no recovery and those in charge have used up all their bullets, businesses and individuals that have been hanging on in hope will throw in the towel</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.financialarmageddon.com/2009/09/still-in-the-economic-crisis.html">Once that happens, unemployment will ratchet up well into the double digits, bankruptcies, foreclosures and evictions will explode, those who have not yet adjusted their spending habits will make a dramatic about-face, and tax revenues will evaporate, driving many state and local governments to the brink.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/ECEA0FA3-7EAB-4C24-9D35-7386DAC57305/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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