Months ahead of the retail and other sector disappointing results Glynn continues to predict the financial chaos.
On radio and TV I have predicted the recession to be caused by terrible retail, service, auto, finance and many other sectors that are now being hard hit. I have looked out into the future and gave specific views on the financial crash, how it happened and solutions. I have said for months the earnings reports are coming out and will continue to be abysmal. The earnings reports as a result of consumerism dropping off sharply will cause many more problems for Wall Street.
The credit crunch hitting main street is unprecedented. The only way to support our economy is to have American consumers – consume. Well that isn’t going to happen for a while. The result – many sectors already feeling the squeeze will be battered, hobbled and many just unable to survive. This fundamental truth is gloomy but I think everyone who reads my blogs and hears me speak knows I have been predicting this for months – and I will say again – the worse is coming and fast.
The financial bailout was necessary but is not close to enough to sustain a retail free fall. Main Street just doesn’t have the credit or emotion to drive sales and this will assure a recession – although we are already in one that will deepen significantly. Mark my words because its coming and if a Democratic White House and Congress is in place the fragile and weakening economy will be crushed for certain. Please go to www.billyg.net and see the dates of the various predictions made and I think you will agree my crystal ball is pretty darn accurate.
On radio and TV I have predicted the recession to be caused by terrible retail, service, auto, finance and many other sectors that are now being hard hit. I have looked out into the future and gave specific views on the financial crash, how it happened and solutions. I have said for months the earnings reports are coming out and will continue to be abysmal. The earnings reports as a result of consumerism dropping off sharply will cause many more problems for Wall Street.
The credit crunch hitting main street is unprecedented. The only way to support our economy is to have American consumers – consume. Well that isn’t going to happen for a while. The result – many sectors already feeling the squeeze will be battered, hobbled and many just unable to survive. This fundamental truth is gloomy but I think everyone who reads my blogs and hears me speak knows I have been predicting this for months – and I will say again – the worse is coming and fast.
The financial bailout was necessary but is not close to enough to sustain a retail free fall. Main Street just doesn’t have the credit or emotion to drive sales and this will assure a recession – although we are already in one that will deepen significantly. Mark my words because its coming and if a Democratic White House and Congress is in place the fragile and weakening economy will be crushed for certain. Please go to www.billyg.net and see the dates of the various predictions made and I think you will agree my crystal ball is pretty darn accurate.
1 comment:
Bill Glynn is a boob - but a classic con man.
Doesn't anyone notice that his education is never listed, hard numbers fomr his "business ventures" are never shown, all media coverage is either PR news releases or 10 plus years old from his days at Southeast Interactive?
He left RTP in viewed as a joke, failed at pearl street, but has succesfully sold himself as a guru - hurray!
Only in America. A sucker is born every minute. Yes, I worked with Bill long ago. All hat and no cattle as they say in texas, but perception is everything.
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