Painful Precursor

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Published : October 24th, 2011
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Category : Crisis Watch

 

 

 

 

It's been said (many times) that correlation is not causation. That said, if the last 30 years are any guide, the recent sharp deterioration in consumer sentiment is the precursor to a dramatic (and widely unexpected) increase in unemployment.


So much for the "recovery."


Michael J. Panzner 

 

 

 

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Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets and the author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, published by Kaplan Publishing.
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