to continue to gloom and doom predictions...

3 future crisis facing the United States and, indeed, the world.

1) As I stated in the previous blog, the US housing crisis is HUGE.
We have already seen this thing infect many areas of the world economy and I believe we have just seen the tip of the iceberg. With the average price of a home spiraling downward, as noted here: http://www.signonsandiego.com/news/state/20070914-1156-ca-brf-norcal-sacramentoforeclosures.html
, and in another story i read about southern california this last week(sorry i couldn't find it), we are going to see a near-collapse in housing leading to a recession on a global scale. http://www.latimes.com/business/la-fi-economy12sep12,0,7770094.story?coll=la-tot-business&track=ntothtml

now this all might be OLD news to you all but what nobody is talking about is...

#2) the current, and still building, healthcare crisis in the United States.

Yeah, I'm sure you are all aware of the joke that has become of our little industry (huge profits by the way: http://www.americasagenda.org/hcindustry.html http://www.ufcw.org/your_industry/other_industries/health_care/ http://www.rmhiherbal.org/review/2003-2.html )
but with the labor unions striking at GM and it's most contentious issue being healthcare, we are seeing the healthcare cost for employers and individuals SPIKE putting further strain on an already iffy economy. http://accounting.pro2net.com/x57968.xml

All economists and many politicians recognize the health of their citizens a critical aspect of their productivity. I know that, personally, since I have had no healthcare in over a year, I've not been to the doctor, dentist, or optometrist for fear of being charged big $$. Now even before I lost my benefits I was always reluctant to go because of the 75% coverage and high co-pays (30$).

ok so #3.............

A dramatic loss of manufacturing laborers in a key global market for such. CHINA.

China currently has 130 men for every woman. and since they have about a billion people witch comes to about 30million single working males within the next couple of years. 2/3 of all chinese who ever leave the country to study, NEVER GO HOME. They see western civilization or find love or a good paying job and stay abroad. This lack of women has lead to kidnapping in many south-east asian nations and a loss of rights for women in china.

Now, I know this isn't sexy, but china's population is the fastest aging nation in the world with it's working class increasingly being made up of 50 and 60 somethings.
Now we are all concerned in the united states about our babyboomers retiring, now just imagine that but ten times worse.

ok, that is enough for now. I'll write again when I think of something else that is going to spell our demise.