Major Issues Report

The people of the United States are being bombarded with one crisis after another crisis (and we wouldn't want a good crisis to go to waste). I have tried to break down into 10 categories where major concerns exists today and have not reached their peak impact on our lives; otherwise these concerns will become increasingly distressing in the coming months.
They are:
1. National economic condition.
2. National politics
3. Cultural impact on religion.
4. Health care/socialized medicine.
5. Environmental issues.
6. Taxes.
7. Terrorism and the war effort.
8. Illegal immigration.
9. Globalization
10. World politics.
Not all of these issues will be addressed at one time; rather only when something major is increasing their impact on our lives. The issue today is our economy and what we can look forward to in the coming months. The stock market has been on a unprecedented rebound in a very short period of time and as a result you can expect a sharp correction before the end of the year. The market has rebounded 30% from its lows earlier this years. This sound good except that it has happened in a historically short period of time.
The pressure on the market will come from continued government spending and our inability to sell our debt. If the Fed decides to buy up our own debt; i.e. print money to pay what we are borrowing you can expect the market to correct drastically, possibly to historic lows. This could possibly, and most probably will, trigger hyper-inflation which will continue to devalue the dollar causing even higher prices.
Also look for the price of food to increase sharply as the cost of sugar skyrockets out of sight. Major sugar producing countries are experiencing unprecedented droughts.
Look for a correction of the July unemployment figures. Skandalon does not believe these will hold up and that unemployment will increase sharply and exceed 10% long before the end of the year. The only good news here is that higher unemployment may, I repeat, may hold down oil prices as demands continues to decrease. The deciding issue here will be the value of the dollar on the world market.
Economically the situation doesn't look good; but this just may be the trigger that will wake America up and throw the bums that are causing this out on the street.

Have A Great Day
Skandalon