Washington, DC (PRWEB) November 5, 2009
The Wall Street Fraud Watchdog is one of leading consumer advocates for US & international investors. The group is warning all US & international investors to be extremely cautious about investing in the US economy, or the US Stock, or bond markets in 2010. According to the group, "If you combine taxaholics, like President Obama, & US House Speaker Pelosi, with a soaring national debt, one federal bailout after another, inflation, higher interest rates to combat inflation, that essentially kills the real estate recovery, you get all the makings of a biblical type disaster for the US economy in 2010." The group ads,"Throw in Iran with an A Bomb, or political turmoil in Pakistan, and you won't have to wait to see the move 2012, when it goes to DVD. Think very ugly." For more information please contact the Wall Street Fraud Watchdog at 866-714-6466, or contact the group via its web site at Http://WallStreetFraudWatchdog.Com
The Wall Street Fraud Watchdog says, "the economy is not improving. The Feds just cooked the books on the just released GDP. The group is saying, "If you remove Cash for Clunkers & the Pelosi/Obama various shovel ready lets blow billions of dollars government in wasteful projects, you get a third quarter GDP, that is no where close to the reported 3.5% GDP number. As an example, does the average taxpayer understand the cash for clunkers program cost $24,000, per car?"
According to the Wall Street Fraud Watchdog,"We think the run up in the US Stock market since March 2009 is not sustainable. We currently have a national unemployment rate of 9.8%. We believe that by the end of 2009, the national unemployment rate will be north of 10%. The actual national unemployment rate will be 19%+. Essentially that's one in five US workers without a job." The group says, "We think this translates into at best anaemic consumer spending, retail, autos, construction,etc. Without consumer spending you cannot have an economic recovery." The Wall Street Fraud Watchdog says, "Unless your mutual fund, or 401-K is heavily weighted towards inflation proof economic meltdown type products, like precious metals, or oil, get into something like this-now." Http://WallStreetFraudWatchdog.Com
The Wall Street Fraud Watchdog is saying,"We are terrified about the prospects of US inflation, or hyperinflation, because of a desperate Congress doing everything they can think of, to spend us out of the deepest recession since, the great depression. Instead of improving the economy, it will destroy us." The group suggests, "If we start seeing much higher interest rates, say goodbye to any recovery in the US real estate markets. In September, Deutsche Bank came out with a report suggesting by 2011, 48% of all US homeowners will owe more on their home than it is worth. Inflation will actually make this number even worse, as higher rates translates into fewer borrowers able to qualify for a mortgage. We will see increased interest rates in 2010." Http://WallStreetFraudWatchdog.Com
According to the Wall Street Watchdog, "With the diminution in city, county, or state real estate taxes, sales taxes, or income taxes, we are advising smart investors to steer clear of tax free municipals. We think the next meltdown of a major investment product will be the collapse of the US municipal bond markets. If you want to protect your assets buy precious metals, if you want to buy a bridge, buy a muni."
The Wall Street Fraud Watchdog is also sounding alarm bells about Iran/Russia."If President Ahmadinejad, the lunatic President of Iran, gets his hands on a nuclear weapon, global oil prices will skyrocket, and every major country in the Middle East will want their own nuclear weapon. Behind this is a Russia in an even worse economic mess than the US. If global oil prices spike, the Russians can climb out of their deep recession, at a cost to the world that is beyond comprehension." But the US will stop this from happening-right? According to the Wall Street Fraud Watchdog, "We do not think President Obama has the courage to do the right thing. He should have listened to French President Nicolas Sarkozy. Sarkozy wanted the US to take a hard line with Iran. Sarkozy says "President Obama dreams of a world without weapons … but right in front of us two countries are doing the exact opposite; what good has proposals for dialogue brought the international community? More uranium enrichment and declarations by the leaders of Iran to wipe a UN member state off the map, referring to Israel." Http://WallStreetFraudWatchdog.Com
According to the Wall Street Fraud Watchdog, "for those of you waiting for President Obama to ride in for a rescue-don't hold your breath. President Obama's SEC has done zero about the thousands of Americans, still stuck in auction rate securities. If you include the institutional investors we are talking about a quarter of a trillion dollars, & his SEC has done nothing?" The group says," even worse, hundreds of thousands of US homeowners in the US Southeast have toxic Chinese drywall in their homes. The homes need to be bulldozed, & President Obama's press aides are saying, he will not answer questions on this topic?" Http://ChineseDrywallComplaintCenter.Com