LNR Warned Long Ago of the Financial Tsunami

LNR already warned readers last year about the coming financial "Tsunami" and that
word was and is quite appropriate because we have only seen the tip of this Tsunami so far, the real damage is yet to come.

The mainstream media are often wrong on two points: First, that there is a "coming" global recession- ... it's already here. It is amazing that financial reporters
don't emphasize that numbers and stats that we use "today" to look at our financial
situation has a 1-3 month lag time. Second, there is suprisingly a lot of American
mainstream media claiming- 'recovery' in last quarter of 2009 or first quarter of
2010. This is a cruel joke, we are not anywhere near bottoming out, this has become a multi-pronged recession hitting the economy from several angles. LNR believes we "might" see the bottom begin by the end of 2009 and we will "ride" that bottom for at least through 2010, hence, any sort of recovery may begin in 2011 as inventories of consumables and housing are slowly used up, thereby requiring more- which in turn will provide the catalyst for a recovery.

Jobs are the key to recovery- as LNR has reported several times.