After a stunning collapse on Friday (close to a 50% fall) due to exposure in shaky securities linked to subprime mortgages, it was reported today that Bear Stearns, one of the Big 5 Investment Banks, will be acquired by a dismal $2.00/share by JPMorgan Chase.The deal prices the bank at an almost unimaginable $236 million dollars.

I think it's interesting that people think I'm talking doom and gloom when I say that our country will collapse.

That change certainly won't occur until there has been a complete collapse (which has already happened many times in history).

There is no fix for a ponsi scheme except for a collapse.

I must point out that if you have followed Schiff's investment advice you have absolutely been destroyed in the last 12 months.Schiff absolutely missed the deflationary part of the collapse and believed very strong in decoupling which has not happened.

I am also with mikeoh, and Krzysztof, and everyone else that basically sees an economic collapse eminent and necessary for real recovery.

With the housing market collapsing, squatting in foreclosed homes is believed to be on the rise around the country.

That may shatter Dubai’s goal of creating a sustainable economy by building the Persian Gulf hub for finance and tourism, forcing it to depend on oil-rich neighbor Abu Dhabi for financing. “Dubai is more precarious than it has ever been,†said Christopher Davidson, author of “Dubai: The Vulnerability of Success†(2008, Columbia University Press). “If the property industry collapses in Dubai, it will be finished.

I found this article in Yahoo Finance, pretty much it predicts that commercial R.E. will also collapse.

They predicted the dot com bubble bursting in 1999, and the housing collapse as far back as 2002.