What is the second half of 2012 going to bring? Are things going to get even
worse than they are right now? Unfortunately, that appears more likely with
each passing day. I will admit that I am extremely concerned about the second
half of 2012. Historically, a financial crisis is much more likely to begin in
the fall than during any other season of the year. Just think about it. The
stock market crash of 1929 happened in the fall. “Black Monday” happened
on October 19th, 1987. The financial crisis of 2008 started in the fall.
There just seems to be something about the fall that brings out the worst in the
financial markets. But of course there is not a stock market crash every
year. So are there specific reasons why we should be extremely concerned about
what is coming this year? Yes, there are. The ingredients for a “perfect
storm” are slowly coming together, and in the months ahead we could very well
see the next wave of the economic collapse strike. Sadly, we have never even
come close to recovering from the last recession, and this next crisis might end
up being even more painful than the last one.